Photo of RV Park/Campground

RV Park/Campground Details

Purchase Method: Cash, New Loan, Assumable Loan
Cap Rate: 7.8%
Listing ID: 641765
Posted On: Mar 5, 2016
Updated On: Feb 7, 2018

Description

- Recently stabilized park with possible assumable financing
- HUGE spaces for sunbirds plus permanents for year-around income
- 49 large spaces + 6 apartments and manager home
- Beautiful mountain setting in the pines just hour from Phoenix. 25 degrees cooler in the summer!
- 15 permanent residents plus sunbird traffic
- No park-owned homes, all income is lot or apartment rental

Location

Perfect “sunbird” park with 15 permanent residents for year-round income just an hour from Phoenix in the cool pines of Payson. Near Payson County Club, Mazatzal Casino, and other amenities this park is a cash cow with 100% occupancy in the summer months and a stable permanent base in the winter to keep revenue coming in. The park has 49 spaces including many terraced huge spaces that can house any modern rig or accommodate park models. Common area amenities include laundry room, dog walk, barbecues, horseshoe pits, and other campground fun items. Payson is about 20 degrees cooler in the summer than Phoenix and provides two world-class golf resorts and other tourism amenities. Park was purchased two years ago in a distressed state and current owner has spent thousands on marketing, infrastructure, and cosmetic upgrades that make the park a true destination in the pines. Numbers show slightly low due to build up but Oxbow Estates’ location and amenities can compete with any Rim Country RV park and campground. Well and septics will have ADEQ-required inspections prior to closing. Management in place or there is large single family home on-site for owner-operators Backs to BLM land for world class hiking, outdoors activities, star gazing, and ATV rides.