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

RV Park/Campground Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.3%
  • Listing ID: 830186
  • Posted On: Jul 7, 2017
  • Updated On: Jul 12, 2019

Description

RV Park/Marina/ Hotel Inn Resort, located in the Southeastern US. Value-Add with multiple future development plans, makes this a unique opportunity to purchase a stabilized cash flowing asset while creating future value. All RV Sites and Boat slips are paid 12 months up front. The Marina Boat slips is 100% occupied with new dock permit for 17 new docks . There is also a new five year lease with the most reputable and largest boat rental company in the region. The RV Park is 97% occupied with the 4 of the vacant sites being held back by owner to hopefully sell Park Models on. However, there is a waiting list for RVs so these will be leased one way or another by summer 2018 and will be 100% occupied.

Amenities

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

Park Information

Number of RV Lots: 240
Year Built: 2011
Average RV Lot Rent: $3,487
Size: 25.0 acre(s)

Financial Information (Pro Forma)

Gross Income: $1,408,761
Operating Expense: $663,898
Net Operating Income: $740,863
Expense Ratio: 47.1 %
Debt Info: None

Utility Information

Water: City
Sewer: City

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