Photo of RV Park/Campground
Photo of RV Park/Campground
Photo of RV Park/Campground

RV Park/Campground Details

  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 9.2%
  • Listing ID: 703910
  • Posted On: Sep 9, 2016
  • Updated On: Nov 29, 2016

Description

Very successful KOA RV resort located on busy Highway 10 adjacent to Palm Springs, Idyllwild, close to all of the Inland Empire area, and with easy access to a very popular outlet mall and casinos. The rv resort is a primary stopover to both American and European travelers between the Grand Canyon and LA/coastal areas with lots of referrals from CruiseAmerica, El Monte, Road Bear, and Moturis. 99 full hookup RV sites with 37 long term sites, 1 manager mobile home, 4 park model rentals, 5 RV rental trailers, 120 spaces RV/boat storage, and a tent area. Reasonable rental rates are Weekend $49.50, Week $44.00, Weekly $254.00, Monthly $595.00 + electric, Park Models $105.00, Trailers $76.00, RV/boat storage $65, and Tent $25. The resort has a 2,210 sf Office/Store/Clubhouse 1, 2,500 sf Clubhouse 2, and 720 sf Clubhouse 2 with rental rates of $55/$60/$70/hour. Amenities include a year round swimming pool, playground, dog park, game room, wifi, community fire pit, shade trees, pull thrus, restrooms and showers, cable tv, outdoor rec area, dump station, and laundry. The underground electric was replaced new in 2014 and all sites have 50 amp electric. The park is serviced by city sewer and water utilities. Excellent upside in raising reasonable rental rates, increasing occupancy, filling the 120 spaces RV/boat storage area with only 30 occupancies at this time, and adding a solar structure to RV/boat storage area to eliminate $104,738 annual electric bill and double storage rates once they are shaded by the structure. Please see the resort’s web page at www.koa.com and their Facebook page.

Please contact Broker to setup appointment to see property.

Amenities

  • Laundromat
  • Pool
  • Club House
  • Storage
  • Manager Office
  • Bathhouse
  • Store
  • Wifi
Interested in purchasing this RV park? Get pre-qualified for a loan.

Park Information

Number of RV Lots: 100
Year Built: 1972
Size: 16.0 acre(s)

Financial Information (Pro Forma)

Gross Income: $680
Operating Expense: $444
Net Operating Income: $235
Expense Ratio: 65.3 %
Debt Info: Buyer to obtain or Seller 1st TD

Utility Information

Water: City
Sewer: City

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