Contact Information
SIG Marketing
RV Park/Campground Details
- Price: $5,000,000
- Cap Rate: 10.7%
- Listing ID: 6745569
- Posted On: Oct 10, 2024
- Updated On: Oct 10, 2024
Description
Sands Investment Group is Pleased to Exclusively Offer For Sale the Royal Oak RV Park Located at 6353 South Dixie Highway in Glendale, KY. This Deal Includes a 72 Lot RV With a Waiting List; Park Has Seen a 1% Vacancy Rate Over the Last 10 Months, Providing For a Secured Investment.
PROPERTY HIGHLIGHTS:
• 72 Lot RV With a Waiting List; Park Has Seen a 1% Vacancy Rate
• Over the Last 10 Months
• All New Infrastructure - Less Than 1 Year Old
• Current Monthly Gross $61,000 to $65,000
• $900 Existing Lot Rent Rate Can Be Raised to $1,000 a Month
• During Peak Months
• City Sewer & Water (Master Metered)
• Gravel Sites & Road
• High-Speed Internet
• 30 Amp & 50 Amp Electric Service
• All Full Hook-Up Sites
Amenities
- Wifi
Interested in purchasing this RV park? Get pre-qualified for a loan.
Park Information
| Number of RV Lots: | 72 |
| Size: | 8.5 acre(s) |
Financial Information (Actual)
| Gross Income: | $741,322 |
| Operating Expense: | $207,569 |
| Net Operating Income: | $533,753 |
| Expense Ratio: | 28.0 % |
Utility Information
| Water: | City |
| Sewer: | City |
