RV Park/Campground Details
- Purchase Method: Cash, New Loan
- Cap Rate: 9.0%
- Listing ID: 1515420
- Posted On: Sep 15, 2021
- Updated On: Dec 20, 2021
Description
60 Space Waterfront RV park located on the Rim Canal in Okeechobee. 7 Waterfront lots, One Double wide owners house presently rented. Separate office attached. Minutes to Lake Okeechobee. Just over 2 Acres. Boat ramp and boat docks. Laundry with 4 washers and 4 dryers with great income. Large fish cleaning station. Large screened in Pavilion with picnic tables on the water. Shower and rest room facilities. Three park owned rental units occupied Year round. 90 % Of park occupied Year round. 10% snowbirds. City water, septic tanks. On site management. Please do not disturb tenants. Rental increase Jan. 2022.
Location
Minutes from City of Okeechobee on the rim canal.
Amenities
- Laundromat
- Club House
- Boat Access
- Manager Office
- Bathhouse
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Park Information
| Number of RV Lots: | 60 |
| Average RV Lot Rent: | $425 |
| Size: | 2.0 acre(s) |
Financial Information (Actual)
| Gross Income: | $290,000 |
| Operating Expense: | $70,000 |
| Net Operating Income: | $220,000 |
| Expense Ratio: | 24.1 % |
Utility Information
| Water: | City |
| Sewer: | Septic |
