Historical Multifamily Sale Listing - Butterfield RV Resort & Observatory

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Butterfield RV Resort & Observatory

251 S. Ocotillo Avenue, Benson, AZ 85602

N/A

173 Spaces | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Spaces:
173
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Property Use Type:
Investment
Commission Split:
2%
Cap Rate:
9.30%
Lot Size:
13.76 AC
Listing ID
17206571
Last Updated
over 1 year ago

Description

14% cash flow based on actual 2011 results. NO PROFORMA. Multiple quotes from lenders to finance.

Beautiful, award winning RV Resort with 173 full hookup RV sites all with 50 amp electrical service, located in the center of the City of Benson. Three time Arizona RV Park of the Year, 5W/5W Woodall' s rating (top 3% among 8,000 Woodall' s rated parks in the USA) and Trailer Life 9.5/10/9.5 rating. Great mix of guests & revenue streams: daily, weekly, monthly and seasonal, 8 rental park models (included in the sale) plus 11 guest-owned park models and 14 total annual tenancies. 50 sites at a minimum of 40X50 feet, 24 35X55 feet pull thru sites, and the balance 30X50 feet or larger. Butterfield has a permit from the city allowing park models on all sites. 7,222 square feet of improvements including an office, banquet hall, clubhouse, store, laundry, and exercise room. Swimming pool, spa, new wifi system, bbq ramada, putting green and driving cages, wood and hobby shop, amateur radio shack, and the only RV resort in the country to offer an onsite observatory with a 16 inch telescope and resident astronomer.

Benson is a booming town thirty-five minutes southeast of Tucson and the fastest growing city in Arizona. The town of 6,000 has 52,000 housing units planned and approved with most of the utilities in and some of the streets. Walk to restaurants and shopping. Adjacent to the Butterfield Shopping Plaza anchored by Safeway, Ace Hardware, and Radio Shack. Across the street from the post office, medical, and near the new Wal-Mart. Benson has two beautiful golf courses and is close to many attractions such as Tombstone, Kartchner Caverns, and world class ATV and hiking trails. Butterfield is the best RV resort in Benson and best for its size in Arizona. Its rental rates are Daily $36, Weekly $216, Monthly $450, and Annual $3,510. Rental park models are weekly $450 and monthly $1,180. Good Sam and other discounts and summer rates-see web page. 6% overnight and weekly and 2.2% monthly rate increases for the 2011-2012 season. The onsite employees and guests are not aware the RV resort is for sale. Please contact Broker to see the property.

Map of 251 S. Ocotillo Avenue, Benson, AZ 85602 (Cochise County)

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Created 6/17/2011