RV Park/Campground Details
- Purchase Method: Cash, New Loan
- Cap Rate: 8.0%
- Listing ID: 2058769
- Posted On: Nov 30, 2023
- Updated On: Mar 20, 2024
Description
INVESTMENT HIGHLIGHTS
330 ft. of shoreline on the Colorado River Metal-Plated Brick Wall for Privacy
330 ft. of Highway Frontage Boasting 27 spacious and well-equipped RV spots, expanding to accommodate even more visitors, with 16 additional spots to come
SUMMARY
Welcome to your ultimate RV oasis along the beautiful Colorado River in Bullhead City, Arizona! This pristine RV park offers a prime location with a remarkable highway frontage on HWY 95, ensuring easy access for travelers. Immerse yourself in the beauty of the Colorado River with a small boat launch and a long sandy beach, creating the perfect setting for water enthusiasts and nature lovers alike. This is a golden opportunity to own a thriving RV park in a prime location, promising endless possibilities for adventure and relaxation.
PROPERTY FACTS
Price $3,600,000
Building Class B
Price Per Unit $90,000
Lot Size 3.65 AC
Sale Type Investment
Building Size 3,294 SF
No. Units 43
Average Occupancy 85%
Property Type Multifamily
Property Subtype Manufactured Housing/Mobile Home
Year Built 1950
Location
Pier 95 RV Park - Along the Colorado River
Amenities
- Boat Access
- Wifi
Park Information
| Number of RV Lots: | 43 |
| Year Built: | 1950 |
| Average RV Lot Rent: | $795 |
| Size: | 3.7 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $348,687 |
| Operating Expense: | $28,980 |
| Net Operating Income: | $320,707 |
| Expense Ratio: | 8.3 % |
| Debt Info: | $1.6 Million assumable loan - 6% interest - 22 year amortization |
Utility Information
| Water: | City |
| Sewer: | City |