RV Park/Campground Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 9.2%
- Listing ID: 501492
- Posted On: Mar 10, 2015
- Updated On: Mar 3, 2016
Description
Merrill mobile manor & RV park
$175,000.00 down interest payments only 6% interest 5 year cash out
(Broker Friendly)
30 Space Mobile Home/RV Park in small high desert town. Walk 2 blocks to down town and all services. City Sewer & Water. 26 back in sites with full hookups (50amp) All monthly sites are level & big rig friendly, with lawns, patios & storage sheds. 4 Mobile Homes & 1 RV are Park Owned. 6 sites are non-metered pull-thru big rig friendly easy in & out. Park up dated 2007.
.
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.
All numbers are real income & costs for 2014
2014 Park grossed $96766.00 2015 Projected gross $102000 plus..
Expenses $34504.00
Net Income $62262.00
Park has RV storage $20.00 per month, also coin operated showers & laundry.
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.
QUESTIONS CONTACT LEE (360) 281-7333
OR Lyle (360) 666-3474
Shown by apointment only do not disturb guests
Amenities
- Laundromat
- Storage
- Manager Office
- Bathhouse
- Wifi
Park Information
Number of RV Lots: | 30 |
Year Built: | 1958 |
Average RV Lot Rent: | $309 |
Size: | 1.5 acre(s) |
Financial Information (Actual)
Gross Income: | $96,766 |
Operating Expense: | $34,504 |
Net Operating Income: | $62,262 |
Expense Ratio: | 35.7 % |
Debt Info: | NONE |
Utility Information
Water: | City |
Sewer: | City |