RV Park/Campground Details
- Purchase Method: New Loan
- Cap Rate: 25.0%
- Listing ID: 1959727
- Posted On: Dec 22, 2022
- Updated On: Apr 21, 2023
Description
INVESTOR / PARTNER NEEDED TO COMPLETE.
32 ACRE LAKEFRONT CAMPGROUND, TREE FARM.
1.2MM - $305,000.00 NOI - 0.25% CAP -
UTILITIES ARE IN, WELL, SEPTIC, SOLAR/GEN, SHOP, DOCK,RAMP, TRAILS, ROAD ACCESS.
LAND ONLY $795,000.00 AS-IS.
PURCHASE OUTRIGHT WITH ALL DOCUMENTATION, OR PARTNERSHIP REFINANCE WITH A SUBSIDIZED LOW INTEREST FARM LOAN.
Location
OFF HWY 101 - CULLABY LAKE COUNTY PARK - 8 MILES NORTH OF SEASIDE, 7 MILES SOUTH OF ASTORIA. 1 MILE TO THE OCEAN.
Amenities
- Boat Access
- Manager Office
- Bathhouse
- Store
- Wifi
Interested in purchasing this RV park? Get pre-qualified for a loan.
Park Information
| Size: | 32.0 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $490,000 |
| Operating Expense: | $192,000 |
| Net Operating Income: | $302,000 |
| Expense Ratio: | 39.2 % |
| Debt Info: | $795,000.00 UNDERLYING MORTGAGES |
Utility Information
| Water: | Well |
| Sewer: | Septic |
