RV Park/Campground Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 7.2%
  • Listing ID: 1644052
  • Posted On: Apr 13, 2022
  • Updated On: Oct 13, 2022

Description

PRICE REDUCED!! Check out this 12 space 100% occupied, Fully Developed RV park on 2.8 acres of commercially zoned property. Located less than a 2 minute drive to ocean beaches and city services. Off the highway but close to everything, this is the park that investors and RVers want. High demand for RV spaces make for a steady income while the low overhead brings a strong bottom line to the balance sheet. Locals brag about the warm weather, picturesque landscape and easy going pace of life in this southern Oregon beach town…to say nothing about the ample fishing and crabbing in this popular beach community. Investors have the choice of generating a higher income from short term rentals or maintain the current long term residency formula for the passive investor. …or a little of both! Call for the financial details of this one of a kind Pacific Wonderland! $749,000, includes two updated park model homes. Courtesy to Brokers. One owner is a licensed broker in the state of Oregon. May consider owner carry with a large down.

Location

Hwy. 101 South to Paradise Point Rd, Left on Dena Lane

Amenities

  • Storage
  • Manager Office
  • Bathhouse
  • Wifi
Interested in purchasing this RV park? Get pre-qualified for a loan.

Park Information

Number of RV Lots: 12
Year Built: 2000
Average RV Lot Rent: $425
Size: 2.8 acre(s)

Financial Information (Pro Forma)

Gross Income: $70,140
Operating Expense: $15,868
Net Operating Income: $54,272
Expense Ratio: 22.6 %
Debt Info: non disclosure agreement required

Utility Information

Water: City
Sewer: Septic

Video

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