RV Park/Campground Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.0%
- Listing ID: 832510
- Posted On: Jul 14, 2017
- Updated On: Oct 19, 2017
Description
Forks 101 RV Park is a 42-Site All-age RV Park, consisting of 36 RV spaces (full hookups) & 6+ Tent sites. City Sewer and City Water!! Amenities include a rec/game room with flat screen TV, park office, Owners or Manager’s 3bd/1ba home, full laundry room (w/park-owned machines), restrooms/showers, an attractive common area, natural tree-lined landscaping and a high-speed WIFI Internet System (park owned).
This park is located on Scenic 101 (Pacific Coast Hwy) on Washington States “Olympic Peninsula. Excellent location (across from large shopping center with a Grocery Store, General Store, Deli & Coffee Bar.
This RV Park is positioned to benefit from the existing growth in visitors to the Olympic Peninsula and to the Olympic National Park. Great money maker (good strong history of high occupancy)!! Previous owner “owned and operated” park for over 28 years!! New owner could keep park open “seasonally” (6 months) or decide to open park year round (and attract long term tenants)!! Park is located on busy traveled Scenic Hwy 101 with high volume of tourism from April through October.
Amenities
- Laundromat
- Club House
- Manager Office
- Bathhouse
- Wifi
Park Information
Number of RV Lots: | 36 |
Year Built: | 1985 |
Average RV Lot Rent: | $495 |
Size: | 3.0 acre(s) |
Financial Information (Actual)
Gross Income: | $126,117 |
Operating Expense: | $75,650 |
Net Operating Income: | $50,467 |
Expense Ratio: | 60.0 % |
Utility Information
Water: | City |
Sewer: | City |