RV Park/Campground Details
- Purchase Method: Cash, New Loan
- Cap Rate: 12.4%
- Listing ID: 3222825
- Posted On: Jun 25, 2023
- Updated On: May 3, 2024
Description
*** 2023 Thru September - Tubing business alone was $1.2 Million - the mortgage on the property for the year is only $730,000!!!! That doesn't count bar/restaurant/camping/store/gaming income!!! This is a goldmine! ****
Wait until you see this amazing property and all of its amazing potential! This is a well oiled machine and staff is plentiful and loyal to the area! The amazing Wolf River allows for spectacular views the entire journey. This is a second generation staple in the area and will be a great opportunity for is next owner. There are two homes included as well as several parcels along the river for access! Local bus drivers are always looking for summer work so labor pool has been exceptional! The property is in pristine condition and celebrates the river from the bar/grill as well as the campground.
Make this your next adventure! Call John for details - (507) 450-5626
Amenities
- Pool
- Club House
- Storage
- Boat Access
- Manager Office
- Bathhouse
- Store
- Wifi
Park Information
Number of RV Lots: | 200 |
Year Built: | 1970 |
Average RV Lot Rent: | $3,000 |
Size: | 25.0 acre(s) |
Financial Information (Pro Forma)
Gross Income: | $2,150,000 |
Operating Expense: | $1,044,000 |
Net Operating Income: | $1,106,000 |
Expense Ratio: | 48.6 % |
Debt Info: | Seller willing to seller finance some portion based on buyer |
Utility Information
Water: | Well |
Sewer: | Septic |