RV Park/Campground Details
- Cap Rate: 7.3%
- Listing ID: 388778
- Posted On: Jul 25, 2013
- Updated On: Mar 1, 2016
Description
Mainly a "seasonal" style resort, 361 of the sites are designated seasonal sites. There are also 114 transient sites and 7 well maintained cabins. Being a seasonal community also allows an owner to collect all of the income over a six month period. A true "pride of ownership" resort, many residents have been here for many years. The Resort sits on an old farm and many of the original buildings still exist adding charm to the resort. Just some of the amenities include a baseball field, shuffle board, horse shoes, 2 pools, 3 pavilions, a basketball court, golf cart drive-in movie, general store, volley ball court, human foosball field, 3 ponds that are all fishable, paddle boats, and several streams. The Resort also has one of the premier fire work shows in the area and also hosts one of the largest "yard sales" in the state, bringing non residents in from miles around. Hidden Valley is open on a seasonal basis (6 months) and is currently serviced by well water and a sewage treatment plant. The sewer plant was just replaced five years ago. There are 4 wells on the property (only three are being used) and are third party managed. Currently the resort is being absentee managed so a new owner could easily transition into ownership. The Maintenance Manager lives on site and is available 24/7 for the residents and owner. Current ownership also has plans submitted to the township for an expansion of large seasonal sites. Overall Hidden Valley provides an investor with a historically absentee owned resort with qualified onsite management. When you enter the Resort, the residents pride of ownership can't be missed and will continue to lead Hidden Valley as the premier Resort in the Region.
Location
Hidden Valley is a 482 Site Camping Resort located in Mifflinburg Pennsylvania. Mifflinburg is located about 45 minutes from Williamsport and roughly an hour from Harrisburg, which is the State Capital. Located just off of major interstate, Route 80, the resort attracts residents from Pittsburgh, Philadelphia, New York, and beyond.
Amenities
- Pool
- Store
Park Information
Number of RV Lots: | 482 |
Financial Information
Gross Income: | $777,938 |
Operating Expense: | $319,246 |
Net Operating Income: | $458,692 |
Expense Ratio: | 41.0 % |