RV Park/Campground Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.4%
  • Listing ID: 5785213
  • Posted On: May 17, 2024
  • Updated On: Nov 16, 2024

Description

We are delighted to extend to you the exclusive opportunity to acquire the Alabama Wildwood RV Park situated in Daleville, Alabama. Strategically located just 87 miles north of Panama City, Florida, this park boasts predominantly long-term RV tenants, making it a lucrative and stable investment opportunity.

Key highlights of the property:

Prime Location: The park is conveniently located only three miles from Fort Novosel (Rucker) Military Base, the primary helicopter flight training base for the US Army.

Occupancy Potential: There is significant upside potential in occupancy rates.

Stabilized Community: The park maintains an average occupancy of nearly 60% of developed pads, with less than 10% transient users.

Financial Projections: With the right management strategy, there is an opportunity to achieve a total operating income of $400,543 by the third year.

Recent Improvements: The current owner has made substantial capital improvements, including the construction of a new bathhouse, development of 45 pads, submetering electrical throughout the park, and replacing water and sewer lines for half of the park.

Prime Location: Situated in a picturesque riverfront location between Enterprise, AL, and Dothan, AL, the park serves as a gateway to a region with a population of over two hundred thousand residents.

Location

10 minutes east of Enterprise, AL and 20 Minutes West of Dothan.

Amenities

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

Park Information

Number of RV Lots: 126
Year Built: 1975
Average RV Lot Rent: $525
Size: 21.0 acre(s)

Financial Information

Gross Income: $515,227
Operating Expense: $208,762
Net Operating Income: $308,625
Expense Ratio: 40.5 %

Utility Information

Water: City
Sewer: City

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