RV Park/Campground Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.5%
  • Listing ID: 3682667
  • Posted On: Sep 14, 2023
  • Updated On: Jun 13, 2024

Description

Discover a turnkey, low-maintenance investment opportunity in the thriving city of Twin Falls, Idaho, with this newly re-developed RV Park. This property has been thoughtfully upgraded and offers 17 fully occupied spaces on city services, ensuring immediate and consistent income.

Property Highlights:

Recent Redevelopment: This RV Park underwent a redevelopment in 2022, ensuring that all facilities, utilities, and amenities are recently repaired and replaced as necessary. The contemporary improvements provide a low-maintenance experience for both residents and guests.

Prime Location: Situated in Twin Falls, the RV Park benefits from its central location, granting tenants easy access to local attractions, services, and entertainment. Its convenient position adds to the appeal for travelers seeking a comfortable and accessible destination.

Full Occupancy: With all 17 spaces fully occupied with month-to-month residents and three more pre-qualified residents on the waitlist, this property guarantees a steady and reliable income stream. The existing tenant base contributes to consistent rent collection and occupancy rates, providing stability for your investment. Residents pay for their electric usage.

Modern Amenities: The RV Park features a range of modern amenities designed to cater to guest comfort. On-site laundry facilities, guest parking, and a charming gazebo complete with a BBQ area create an inviting environment that tenants will truly appreciate.

Efficient Digital Management: Enjoy the benefits of remote ownership with 100% digital and remote management systems for rent collection and communication. This streamlined approach minimizes operational complexities and maximizes convenience for both owners and tenants.

Income Growth Potential: Seize the opportunity to increase profitability by raising rents. With the potential to raise rates by $50 per space or more, you can tap into the strong demand for RV accommodations and further optimize your returns.

Turnkey Investment: Thanks to the recent redevelopment, lease-up, and implementation of digital/remote management systems, this RV Park is truly turnkey. The modernization efforts ensure that you can step into ownership without the need for immediate renovations or updates.

Whether you're an experienced investor or a newcomer to the real estate market, this RV Park presents a compelling investment proposition. With a recent 2022 redevelopment, full occupancy, and income growth potential, this property is poised to provide both immediate and long-term returns.

Contact us today to arrange a viewing and experience firsthand the convenience and potential this RV Park offers. Secure your foothold in the lucrative world of real estate with this outstanding investment opportunity!

Amenities

  • Laundromat
  • Manager Office
  • Wifi
Interested in purchasing this RV park? Get pre-qualified for a loan.

Park Information

Number of RV Lots: 17
Year Built: 1997
Average RV Lot Rent: $550
Size: 0.7 acre(s)

Financial Information (Pro Forma)

Gross Income: $122,674
Operating Expense: $38,064
Net Operating Income: $84,610
Expense Ratio: 31.0 %

Utility Information

Water: City
Sewer: City