Contact Information
John Adams
Gate City Real Estate
Gate City Real Estate
RV Park/Campground Details
- Price: $1,995,000
- Purchase Method: Cash, New Loan
- Cap Rate: 10.5%
- Listing ID: 6425656
- Posted On: Jun 25, 2024
- Updated On: Jul 2, 2024
Description
***INVESTMENT OPPORTUNITY*** Looking to own your own business and be your own boss?? Here is a once in a lifetime opportunity to purchase a profitable turn key business located in the heart of Central Idaho. Originally built in 1947 this hand cut log cabin motel has been completely renovated over the last 6 years and grown too a 15 room motel, 6 rental cabins one with one being ADA accessibility and 10 RV pads with full hook ups. This motel has been a year round destination for outdoor enthusiast who enjoy fishing, hunting, mountain climbing and off roading. This business has seen consistent growth over the last 6 years making it an incredible opportunity.
Location
Centered in the heart of Mackay Idaho
Amenities
- Laundromat
- Manager Office
- Bathhouse
- Wifi
Interested in purchasing this RV park? Get pre-qualified for a loan.
Park Information
| Number of RV Lots: | 10 |
| Year Built: | 1947 |
| Average RV Lot Rent: | $45 |
| Size: | 2.2 acre(s) |
Financial Information (Actual)
| Gross Income: | $461,893 |
| Operating Expense: | $408,953 |
| Net Operating Income: | $52,940 |
| Expense Ratio: | 88.5 % |
| Debt Info: | P&L Report |
Utility Information
| Water: | City |
| Sewer: | City |
