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

RV Park/Campground Details

  • Purchase Method: Seller Financing
  • Cap Rate: 9.1%
  • Listing ID: 866892
  • Posted On: Oct 9, 2017
  • Updated On: Apr 1, 2018

Description

Attractive RV resort located in northern Nevada in the beautiful Carson Valley between Minden and Carson City near Reno. 202 full hookup RV sites and 4 tent sites with 103 pull thrus. 152 sites with 50 amp electric and resort is serviced by city sewer and water. 2,500 sf store with full liquor license and slot machines, eight fuel pumps, and propane pump. Amenities include 2,400 sf clubhouse, covered pool and spa, playground, bathrooms and showers, laundry, basketball, wifi, dog park, fishing pond, beauty shop, fitness area, horseshoes, and dump station. Rental rates are $40 Daily, $200 Weekly, $375 Monthly winter, and $475 Monthly summer. Monthly rates are plus submetered electric and extra persons and dog charges for Daily and Weekly. Rates have not been increased for four years and Broker believes Monthly rates are $50-$100 low. RV resort keeps 60 sites for transient and the rest are occupied by Monthlies/Extended Stay with a waiting list. Demand for 100% Monthlies/Extended Stay. Property is zoned recreation with gambling overlay. The site can have over 100 slot machines. The property is in the middle of a groundwater fuel cleanup that will probably take 2-3 years to complete. Seller has insurance and will also guarantee cleanup costs against Seller 1st td and note. Housing prices and rental rates are skyrocketing in the Carson Valley and greater Reno region has dozens of companies are relocating to greater Reno including the ten million square feet Tesla plant and Apple’s new 365 acres data center. RV parks are full with tremendous demand. Please contact Broker to setup appointment to see property.

Amenities

  • Laundromat
  • Pool
  • Club House
  • Storage
  • Manager Office
  • Bathhouse
  • Store
  • Wifi
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Park Information

Number of RV Lots: 202
Year Built: 2000
Average RV Lot Rent: $475
Size: 20.0 acre(s)

Financial Information (Actual)

Gross Income: $1,321,262
Operating Expense: $781,441
Net Operating Income: $539,821
Expense Ratio: 59.1 %
Debt Info: Seller $3.9M at 5% for 10 Years

Utility Information

Water: City
Sewer: City

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