RV Park/Campground Details
- Purchase Method: Cash, New Loan
- Listing ID: 4866952
- Posted On: Mar 21, 2024
- Updated On: Apr 29, 2024
Description
Yale Realty and Capital Advisors is pleased to present the exclusive
opportunity to acquire a recently built, low management, seasonal
RV park with lakefront access and expansion potential in Eastern
Nebraska offered at above a 10.8% cap.
Currently the season runs from April to October. This allows for
predictable income without the management headaches of a
transient park. The current manager lives on site and is willing to
stay on for the next owner. There is lakefront access with sites
right on the water. There is also plenty of upside. The property
is 47 acres with room to grow to over 200 sites. A developer can
easily add offset expansion costs with income from existing sites.
Given the rare opportunity to acquire an RV park with seasonal
sites, low management, and expansion potential, this property
would make an extremely strong addition to the portfolio of any
RV developer or investor who is looking for a low risk entrance into
the RV asset class.
Location
Lake and river access.