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
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 |