RV Park/Campground Details

  • Purchase Method: New Loan
  • Cap Rate: 8.1%
  • Listing ID: 522716
  • Posted On: May 18, 2015
  • Updated On: Aug 19, 2015

Description

Well maintained RV Park with 94 spaces and single small house located on a major arterial in the North Fresno metropolitan area. The park was once a mobile home park and converted years ago to an RV Park and is the only such property in the area. Most residents pay on a weekly basis, although there are a few residents on a monthly basis as well. The property is in excellent condition with larger than usual spaces.

Amenities

  • Laundromat
  • Storage
  • Manager Office
  • Wifi
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Park Information

Number of RV Lots: 94
Average RV Lot Rent: $700
Size: 6.4 acre(s)

Financial Information (Pro Forma)

Gross Income: $612
Operating Expense: $281
Net Operating Income: $331
Expense Ratio: 45.9 %
Debt Info: 173,248

Utility Information

Water: City
Sewer: City