Contact Information

John Evans
License: 280456+
REMAX ELITE REALTY
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RV Park/Campground Details

  • Price: $1,500,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 1.5%
  • Listing ID: 6776640
  • Posted On: Nov 25, 2024
  • Updated On: Dec 6, 2024

Description

Great investment opportunity. 20 space RV park with room for expansion and a great rental history. The clients are a good mix of long-term and short-term renters to maintain a steady income. There is also a home that can be lived in or rented. The RV Park sits on about 21/2 acre and has twenty spaces each with electric, sewer and water hook ups. There is also a laundry building for your client’s convenience. The home is a 1940’s or earlier home that has been remodeled, but still retains the midcentury warmth. The remodeled kitchen is open with plentiful counter and cabinet space. There is a formal dining room, and a large living room with huge windows and a nice porch off the front. On the main level are two Bedrooms. One being the large primary en suite with lots of windows and an updated bath. The second bedroom is equally large and shares an updated bath with the home. On the second level are two additional bedrooms. Outside the home is a large metal storage building, and two outbuildings that have any number of uses like office or craft rooms. Also, there is a fenced pasture, and a garden area. All this with easy access to the four lane and just minutes to town

Location

From Franklin, go West on Hwy. 64 for 1.5 miles, turn right on Louisa Chapel Road, go to the stop sign. Turn Left onto Old Murphy Rd., then take quick right into the paved driveway for this home, #2145.

Amenities

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

Park Information

Number of RV Lots: 20
Year Built: 2022
Average RV Lot Rent: $750
Size: 4.6 acre(s)

Financial Information (Pro Forma)

Gross Income: $96,000
Operating Expense: $14,038
Net Operating Income: $81,961
Expense Ratio: 14.6 %

Utility Information

Water: City
Sewer: Septic

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