RV Park/Campground Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.7%
- Listing ID: 1944338
- Posted On: Nov 28, 2022
- Updated On: Mar 1, 2023
Description
20 lot full hook up RV Park located in Maurepas La. Each lot has access to 50/30 amp electric, public water, & sewer hookups. Brand new secure Wifi system recently installed by Carl's Computer Care. Waterfront property with a boat launch, two boat slips, & two covered cabanas for cooking & relaxing. There is an elevated 600 sf laundry/shower/office building on the property that is used by tenants. The park owns the washers & dryers & lets the tenants use them for free, but could easily be converted into a coin laundry for extra revenue. The office building could also be added onto for an extra monthly, weekly, or short term rental unit. Extra RV's could be brought in for monthly revenue of $8-900 per month. Plenty of fishing & accessible to Amite River by boat. Owner/Agent spends approximately 1 hour per month at the park & pays someone to manage property.
Location
Livingston Parish, LA
Park Information
Number of RV Lots: | 20 |
Year Built: | 2013 |
Average RV Lot Rent: | $550 |
Size: | 1.0 acre(s) |
Financial Information
Gross Income: | $105,000 |
Operating Expense: | $35,000 |
Net Operating Income: | $70,000 |
Expense Ratio: | 33.3 % |