Kuhn Lake Park
Kuhn Lake Park
Kuhn Lake Park
Kuhn Lake Park
Kuhn Lake Park
Kuhn Lake Park
Kuhn Lake Park
Kuhn Lake Park
Kuhn Lake Park
Kuhn Lake Park
Kuhn Lake Park
Kuhn Lake Park
Kuhn Lake Park
Kuhn Lake Park
Kuhn Lake Park
Kuhn Lake Park
Kuhn Lake Park
Kuhn Lake Park
Kuhn Lake Park
Kuhn Lake Park
Kuhn Lake Park
Kuhn Lake Park
Kuhn Lake Park
Kuhn Lake Park
Kuhn Lake Park
Kuhn Lake Park
Kuhn Lake Park
Kuhn Lake Park
Kuhn Lake Park
Kuhn Lake Park

RV Park/Campground Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 12.0%
  • Listing ID: 551503
  • Posted On: Aug 1, 2015
  • Updated On: May 21, 2016

Description

Kuhn Lake Seasonal Park is a great park on beautiful Kuhn Lake in Pierceton, Indiana. For a $395,000 investment, you get a park that has 28 licensed spots with 25 owner occupied mobile homes and one park model for sale that could
be a vacation home for the new owner! KuhnLake Park has direct access to the lake with common area at the water and docks for resident's boats. Kuhn Lake offers all types of boating and fishing. The park is open from April 15 to October 15.

Residents pay $1,800 lot rent for the season and $200 for a boat slip. Expenses and management effort is extremely low because the residents own their own vacation homes and maintain their lots. Net Operating Income for the park is $48,000 annually and all income is collected in January for the entire year.

The park is on well water and the municipality is scheduled to add public sewer to the area. This is planned as a free connection to the public sewer, but the new owner will need to run sewer lines within the park. Even with some capital investment needed, having public sewer will increase the value of the park.

Kuhn Lake Park is a great opportunity to own a seasonal park on a beautiful lake with low management and expenses. Residents take care of their own properties and pay for the entire year each January. This type of park is perfect for a first time owner or a seasoned investor that knows the value of a park on a great lake. Kuhn Lake Park is priced to sell quickly. Call Trent Conaway at (317) 844-4684 for more information and a showing!

Interested in purchasing this RV park? Get pre-qualified for a loan.

Park Information

Number of RV Lots: 28
Average RV Lot Rent: $2,000

Financial Information

Net Operating Income: $48,000

Utility Information

Water: Well
Sewer: Septic