Yosemite Westlake provides a unique investment opportunity consisting of distinct Mobile Home Park and Campground income streams on the same 14 acre property. The property is laid out with the campground section in front, featuring 24 permitted (installed) + 7 recently permitted (not installed) RV spaces, with various park models and tent campsites.

To the rear are 31 permitted MH spaces. The Seller owns approximately 17 MH on the property, with the remainder being tenant owned, and one recently turned vacant space. With a severe demand for affordable housing in the region, there is significant pride in residence displayed by the tenants. The roads are well kept and homes are kept in clean shape. The MH park is known as Yosemite Terrace Estates, and is serviced by its own private lane off Greeley Hill Road; not interfering with any campground operations. MH Park rates are $500/month/space and average $700/month for MH with all tenants paying their own propane and electricity.

The campground currently operates renting various Park Models, RV spaces and tent sites. There are amenities such as fire pits, restrooms, horseshoe rings, and gorgeous scenery for guests to enjoy when they are relaxing after a day in the National Park. Though the campground has the ability to continue operating as is, there is tremendous upside on this portion of the property. The owner has piecemeal built Park Models on these RV spaces; at $150-$200/night they have provided an excellent method to maximize the revenue on these spaces. A new owner could continue the addition of park models, or wipe the ground clear and use the utility hookup as sites for a uniform group of park models, capturing the natural beauty of the site and creating a mountain resort.

There is obvious visual division between the MH and Campground operations, with the opportunity to further divide the property with a natural or artificial fence line. Additionally, on the adjacent 0.7 parcel (included) there is a building with a retail front that was once used as a restaurant, with vents and pizza oven. Above the retail space there are two units, a 1/1 apartment and studio, that would serve as ideal employee housing.

Perhaps the best way to look at this opportunity is as a campground resort with a MH component, providing stabilized and passive income. An owner operator could choose to continue operating the site as is while working on minor improvements to the campground, or an investment group could develop the campground portion to a mountain resort with restaurant, while enjoying the continued income from the MH Park.

Gross income was $280,000+ in 2017 with clear upside available.