Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground

RV Park/Campground Details

  • Purchase Method: New Loan
  • Cap Rate: 8.9%
  • Listing ID: 574167
  • Posted On: Oct 16, 2015
  • Updated On: Nov 14, 2016

Description

Beautiful RV park and campground on the Eel River just off the Avenue of the Giants in Northern California, amidst the majestic redwoods. The Avenue of the Giants is a scenic highway running through Humboldt Redwoods State Park with the largest remaining stand of virgin redwoods in the world. 13 full hookup RV sites, 40 RV sites with water & electric, and 24 tent sites on 17 acres. All 13 full hookups are pullthrus and 22 water & electric sites are pullthrus. Ten 50 amp sites, county water, and septic sewer. Rental rates are $45 fhu, $40 water & electric, and $35 tent. Broker believes rates are low and should be increased during peak June-August summer season and park can discontinue 10% Good Sam discount offering upside to a buyer. Park is mostly a short term, vacation park with a few winter monthlies. Managing partner is local civil engineer and electric underground wire and pedestals are new, new water lines, new septic systems, and bathrooms renovated with new roofs and heated floors. New park model used as the office and store with a beer and wine license. Amenities include location, location, location on the Eel River with the best swimming hole in front of the park, playground, wifi, cable tv, dog park, laundry, dump station, horseshoe pits, volleyball, and beautiful redwoods and landscaping. Excellent, existing onsite management wanting to stay for new owner. Please see the park’s webpage at www.giantredwoodsrv.com and their Facebook page.

Amenities

  • Laundromat
  • Manager Office
  • Bathhouse
  • Store
  • Wifi
Interested in purchasing this RV park? Get pre-qualified for a loan.

Park Information

Number of RV Lots: 73
Year Built: 2011
Size: 17.0 acre(s)

Financial Information (Actual)

Gross Income: $350
Operating Expense: $205
Net Operating Income: $144
Expense Ratio: 58.6 %
Debt Info: New SBA 1st at 4.75%

Utility Information

Water: City
Sewer: Septic