RV Park/Campground Details

  • Cap Rate: 6.0%
  • Listing ID: 6654472
  • Posted On: Jul 16, 2024
  • Updated On: Sep 5, 2024

Description

Discover the lucrative investment opportunity at Tri-Cities RV Park, located at 7322 W Bonnie Ave, Kennewick, WA 99336. This 144-space extended and daily stay RV park is a gem in the heart of Tri-Cities, just 4 miles from Kennewick City Center.

With a pro-forma NOI of $413,383 and a pro-forma Cap Rate of 5.99%, this property offers immense growth potential. Experience a thriving community environment with nearby attractions like hiking trails, fishing spots, major retailers, restaurants, and thrilling hydroplane races every July.

Recent upgrades include park-wide repaving, a dedicated dog park, and a playground area. Several Pedestals Electrical Pedestals are being upgraded.

Amenities such as 30/50 AMP hookups, city water/sewer connections, and free Wi-Fi cater to residents' needs. The park boasts 95% occupancy with low turnover rates.

Additional income streams are possible through extra storage for boats/cars, billboard rentals, a propane dispensary, and a duplex above check-in office.

Don't miss out on this excellent opportunity to own a well-established RV park in a prime location.

Amenities

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

Park Information

Number of RV Lots: 144
Average RV Lot Rent: $650

Financial Information (Actual)

Gross Income: $688,706
Operating Expense: $273,880
Net Operating Income: $414,718
Expense Ratio: 39.8 %

Utility Information

Water: Well
Sewer: Septic