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

RV Park/Campground Details

  • Purchase Method: Seller Financing, Assumable Loan
  • Cap Rate: 13.0%
  • Listing ID: 639708
  • Posted On: Mar 1, 2016
  • Updated On: Dec 6, 2016

Description

175 sites RV resort plus a small tent area on the beautiful Colorado River in Blythe, CA adjacent to the Arizona state line. The resort is on Highway 10 the main freeway between Southern California and Arizona with ten million vehicles per year. Sales includes 9 park model cottage rentals. Amenities include river front sites, up to 120 feet pull thru sites, boat launch, pool, spa, convenience store and rec room, free cable tv and wifi, laundry, bathrooms and showers, playground, dog park, 90 spaces RV and boat storage, and propane and gas sales. The resort is on city sewer and water. And approximately 75% of the sites are 50 amp electric. Winter rental rates are RV $45-$50 daily and $429 monthly, $25 tent, and park models $95 daily and $1,200 monthly. Summer RV rates are $5-$10 per day more and $130 and $1,400 for the park models. The resort has four main customer bases with the summer recreational boat crowd, winter snowbirds, year round solar construction workers, and transients from Highway 10. The property is on a ground lease with the County of Riverside through June 30, 2044 at 7% of rental income. The County is reasonable to work with and it is anticipated they will continue to extend the ground lease through the years. Please review the resort’s web page at www.rivierarvresort.com

This property is prime for solar as the big rig motor homes are large users of electricity. The 90 spaces RV and boat storage is a prime area for a solar structure and then the park can double the $75 storage fee to $150 once the storage is covered with a solar structure.

Amenities

  • Laundromat
  • Pool
  • Club House
  • Storage
  • Boat Access
  • Manager Office
  • Bathhouse
  • Store
  • Wifi
Interested in purchasing this RV park? Get pre-qualified for a loan.

Park Information

Number of RV Lots: 175
Year Built: 1975
Size: 21.6 acre(s)

Financial Information (Pro Forma)

Gross Income: $967
Operating Expense: $635
Net Operating Income: $332
Expense Ratio: 65.7 %
Debt Info: Assume SBA 1st and Seller 2nd TD

Utility Information

Water: City
Sewer: City