RV Park/Campground Details
- Cap Rate: 10.8%
- Listing ID: 3100725
- Posted On: Jun 8, 2023
- Updated On: Sep 5, 2023
Description
-12 Unit RV / MH Park
- Tenant base is long term stay.
- 11 POH, 1 TOH
- 1 Vacant POH
- Well & Septic
- All Utilities billed back to tenants
Location
-This park fills a growing need for affordable retirement housing in the area
-Park is located within walking distance to convenience store and minutes to town and major travel routes.
-Okeechobee is becoming a increasingly popular year round retirement destination due to its moderate climate, easy lifestyle, affordability and its proximity to the Palm Beaches.
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Park Information
| Number of RV Lots: | 12 |
| Size: | 0.8 acre(s) |
Financial Information (Actual)
| Gross Income: | $120,000 |
| Operating Expense: | $28,000 |
| Net Operating Income: | $92,000 |
| Expense Ratio: | 23.3 % |
Utility Information
| Water: | Well |
| Sewer: | Septic |
