RV Park/Campground Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.0%
- Listing ID: 1516207
- Posted On: Sep 16, 2021
- Updated On: May 3, 2022
Description
This park is a combination Mobile Home Community and a campground - on a beautiful spring feed lake with great water and a beach area with excellent boating/fishing opportunities.
The property is approximately 25 acres with lots of room to grow! There are 23 MH's on property with the ability to grow to over 30! The campground is 65 RV sites and approved for more!
This area gets a ton of traffic from local large event and activity centers. All the MHC sites will be at $325 next season and all the sites will be at $2485 - and both seem low for this area.
This is a property to grow and enjoy and it has an owners home that could be converted to a cabin style rental and there are three more very nice rentals that enjoy nearly full time rental! Let me show you how to make a lot of money on this one!
Location
Not far from an amazing destination in the Wisconsin Dells area!
Amenities
- Laundromat
- Club House
- Storage
- Boat Access
- Manager Office
- Bathhouse
- Store
- Wifi
Park Information
| Number of RV Lots: | 65 |
| Year Built: | 1960 |
| Average RV Lot Rent: | $2,485 |
| Size: | 25.0 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $287,000 |
| Operating Expense: | $87,000 |
| Net Operating Income: | $200,000 |
| Expense Ratio: | 30.3 % |
Utility Information
| Water: | Well |
| Sewer: | Septic |
