RV Park/Campground Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 13.9%
- Listing ID: 442074
- Posted On: May 8, 2014
- Updated On: Jul 7, 2015
Description
Merrill mobile Manor & RV park A great place to live
30 space Rv park in small high desert town. Walking distance to all services. Park is 2 blocks to down town. Has city water & sewer. 26 back in sites with full hookups(50amp) All monthly sites are level & big rig friendly, with lawns, patios & storage sheds. .Park owned includes 4 mobile homes & 1 RV. 6 sites are non-metered pull-thru big rig friendly easy in & out.
.
Local attractions
Lava beds, Caption Jacks strong hold, Ice Caves, Klamath National Wildlife Refuge. year around Bird Watching. Game Bird Hunting October - January, Crater Lake National park.
Park is a Good Sam Park 8 & 9 ratings with many repeat Over- Niters.
Rates 2015;
Overnighters $32.00 Good Sam $29.00.
Weekly $170.00 Park pays all.
Monthly non-metered pull thru sites $360.00 park pays all.
Monthly back in sites $275.00 + Basic electric @ $34.50 from 0 - 300 KWH.
Excess Electric Billed at 9.8 cents per KWH.
Park pays Water, Sewer, Garbage & WIFI.
2014 Park grossed $96766 2015 Projected gross $102000 plus..
Expenses 34%
Net Income 64%
Park has RV storage $20.00 per month, also coin operated showers & laundry.
( Broker friendly )
Seller financing with credit check
$!50000 Down, 6% 25 year amortization, 5 to 7 year Cash out.
OR
$150000 Down 6% Interest only payment with 5 to 7 year Cash Out.
Manager receives free space rent ,Electric Plus $150.00 per month about $5760.00 per year
Park is on hwy 39. 250 miles to Reno, 300 miles to Portland & 14 miles to Klamath Falls Or.
contact Lee Shown by apointment only do not disturb guests
(360) 281-7333
Amenities
- Laundromat
- Storage
- Manager Office
- Bathhouse
- Wifi
Park Information
Number of RV Lots: | 30 |
Year Built: | 1958 |
Average RV Lot Rent: | $310 |
Size: | 1.5 acre(s) |
Financial Information (Actual)
Gross Income: | $96,766 |
Operating Expense: | $32,772 |
Net Operating Income: | $63,994 |
Expense Ratio: | 33.9 % |
Debt Info: | N/a |
Utility Information
Water: | City |
Sewer: | City |