RV Park/Campground Details
- Cap Rate: 8.3%
- Listing ID: 69579
- Posted On: May 18, 2011
- Updated On: Mar 16, 2012
Description
Nestled between the Cumberland and Blue Ridge regions of the Appalachian mountain range in the hills of North East Tennessee. This fully functional RV park comes “no assembly required†ready for you to come in and manage. Situated on nearly 12 acres the park has 35 full hook-up RV sites including 8 pull through sites and 25 with 50 amp power. Cable TV to all the sites and WIFI Internet through out the park. To round it all out there are 6 tent areas and 4 cabins and 2 fully furnished apartments.
Located just off an interstate and near a NASCAR track that has 2 events per year and a drag strip that hosts a national event each year. The park is open year round and well maintained with over $120K in improvements over the last 4 years.
This highly rated, well reviewed park has mature trees, wide sites and tasteful landscaping with pet friendly accommodations.
Four distinct yet relatively mild seasons, the park is located in an area that is immune from severe weather or flooding.
Presently the park has approximately a 8.25% cap rate and a 70%-80% average annual occupancy rate. Better marketing and an improving economy would increase revenue with little expense or effort.
Steady propane sales with a solid customer base provide an additional revenue stream.
The centrally heated and air conditioned bath house and laundry has two furnished one bedroom apartments above which can be used as manager quarters or rental units.
There are 2 small seasonal cabins with bathrooms and 2 large cabins that are open year round containing a full kitchen, double Jacuzzi tubs and 3 queen beds heated and air conditioned by a heat pump.
Public water and sewer with a modern electrical supply and cable TV to every site. Also WIFI throughout the park with all equipment owned by the park. There is a large maintenance building containing all the equipment to service the park. This is a true turn-key business for an on-site or off-site owner.
Park Information
Number of RV Lots: | 35 |
Size: | 12.0 acre(s) |