RV Park/Campground Details
- Cap Rate: 7.4%
- Listing ID: 1474574
- Posted On: Jul 9, 2021
- Updated On: Nov 8, 2021
Description
Excellent investment opportunity. 4 Plex Unit along with 12 Rented RV spots on city sewer and water with power; rent is being raised as of August 1st 2021 bringing gross monthly income to $7,000. Potential development capability for additional apartment buildings or possibly townhomes. Three of the four tenants in the 4 Plex are month to month leases. Potential to develop additional apartment buildings on property.
Location
Historic Idaho City only 50 minutes from the Boise airport. Offers mountain living, pine forest and hundreds of miles of public land to enjoy at your fingertips
Interested in purchasing this RV park? Get pre-qualified for a loan.
Park Information
| Number of RV Lots: | 12 |
| Year Built: | 1993 |
| Average RV Lot Rent: | $350 |
| Size: | 1.4 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $7,000 |
| Operating Expense: | $1,738 |
| Net Operating Income: | $5,264 |
| Expense Ratio: | 24.8 % |
| Debt Info: | Currently mortgage free |
Utility Information
| Water: | City |
| Sewer: | City |
