RV Park/Campground Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.7%
  • Listing ID: 1673459
  • Posted On: May 20, 2022
  • Updated On: Dec 25, 2023

Description

GREAT INVESTMENT OPPORTUNITY WITH 2 RV SPACES AND 2 SINGLE FAMILY HOMES IN RV ZONING ALLOWING NIGHTLY RENTALS!! Park your own RV in one space and rent the rest out. Go in on it with your RV friends and let the rental income offset the expense of having your own Keys Getaway for family & friends to enjoy. This property is located within the tranquility of the Great White Heron National Wildlife Refuge in prestigious Sugarloaf Key. Bring your vision and create your very own private resort destination with this unique Sugarloaf Key Property. Add a pool, tiki bar, lush tropical landscaping for common outdoor entertaining area, and you will have a Caribbean Hideaway for your family, friends, and guests to frequent year after year. There are 2 RV spaces and 2 homes that can be rented out nightly. One Home offers 2 bedrooms and 2 baths and the other 2 bedrooms and 1 bath, both homes need repairs. Currently working on a letter from the County verifying if homes can be replaced with RV slabs instead for even lower overhead. Additional commercial uses possible for generating income just steps away from the entrance to the Sugarloaf KOA. There is constant overflow traffic to capture without even marketing since KOA books out well in advance. Walking distance to Mangrove Mamas restaurant with great food and entertainment. Rent kayaks at Sugarloaf Marina and explore the pristine backcountry waters of the Lower Florida Keys and the Great White Heron National Wildlife Refuge. Bridge fish on Bow Channel, rent a boat, or charter a local guide only minutes from this location. Several boat launches nearby provide quick access to world renown fishing & diving with deep-water access. Near beautiful nature trails to explore the area on land as well as by water. Sugarloaf Key is located only 15 minutes from Key West, where you will find nightly entertainment throughout the year and a multitude of fabulous restaurants recognized in many national publications.

Location

91 State Road 939 Sugarloaf Key, FL 33042

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Park Information

Number of RV Lots: 4
Average RV Lot Rent: $200

Financial Information (Pro Forma)

Gross Income: $292,000
Operating Expense: $99,204
Net Operating Income: $192,796
Expense Ratio: 34.0 %
Debt Info: No current debt on the property.

Utility Information

Water: City
Sewer: City