RV Park/Campground Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 12.3%
- Listing ID: 3731521
- Posted On: Sep 27, 2023
- Updated On: Jan 1, 2024
Description
The 360 Company is pleased to present the opportunity to acquire the Bundick Lake Retreat & RV, an 33-site RV value-add project, that comes with 8 Cabins, Pool, & Rec Building, that covers 15 acres, and is the only commercial property right on Bundick Lake, in DeRidder, LA. The Projected Cap Rate in the first year of operations exceeds 12%, and the Owner is offering Seller Financing Terms at 6.50%.
Location
The property is located in an ideal and strategic location in
Beauregard Parish, known for its proximity to the Kisatchie
National Forest and for providing a scenic and recreational
draw for visitors and tourists
Amenities
- Laundromat
- Pool
- Club House
- Storage
- Boat Access
- Manager Office
- Store
- Wifi
Interested in purchasing this RV park? Get pre-qualified for a loan.
Park Information
| Number of RV Lots: | 19 |
| Year Built: | 1975 |
| Average RV Lot Rent: | $500 |
| Size: | 15.0 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $146,543 |
| Operating Expense: | $60,557 |
| Net Operating Income: | $85,986 |
| Expense Ratio: | 41.3 % |
| Debt Info: | Treat as Clear |
Utility Information
| Water: | Well |
| Sewer: | Septic |