Multifamily Property For Sale - Grand Coulee RV Park

22718 Hwy 174 E, Grand Coulee, WA, 99133

 
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Grand Coulee RV Park

 

22718 Hwy 174 E

Grand Coulee, Washington 99133
County: Grant
 
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  For Sale Active  
Type:Multifamily
Mobile Home/RV Community
No. Spaces:41
Lot Size:5.50 Acres
Price:$350,000
Price/Space:$8,537
Cap Rate:10.38%
Year Built:1950
Date Last
Verified:
12/30/2008
Property ID:15220029
 
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 Additional Information 

Property Description:
The Park sits on about 5 ½ acres and has a 41 total RV sites with 37 RV sites having full hook-ups, 4 RV sites with water and electric hook-up, overflow sites for dry camping and 10 designated tent sites. There are 24 sites available with 50 amp hook-ups, 14 sites with 30 amp hook-ups and 4 sites with 20 amp hook-up. The Park has on site propane sales, City water and City sewer and Grant County PUD power, which is very low cost. There is a newly remodeled bathhouse made of concrete block construction with metal roofing. There is a cookout shelter with coffee bar, barbecue and picnic tables and shade trees around the shelter and lawns. There are new picnic tables with some umbrellas sites throughout the park. There is a 40' X 60' with an office, gathering room with a bathroom. This building is wired with 400 amp service for future expansion. The Park has a golf cart, several picnic tables, water hoses and sprinklers, a 19 ½ hp riding lawnmower, a self-propelled push mower, a Homelite gas weed eater, a 15 gallon power sprayer and miscellaneous yard tools that go with the Park. (Principles Only)

Location Description:
Located in the upper Columbia River Basin, the Park is located on Hwy 174 on the West edge of Grand Coulee approximately 3/4 of a mile from town, where you'll find restaurants, shopping, gas, and tackle. It is convenient located near Grand Coulee Dam and both Banks Lake, Rufus Woods and Roosevelt Lake. The Park has full, and water and electric hookups as well as tent sites. There are clean restrooms with showers and resident laundry facilities. Guests enjoy a complimentary coffee bar, picnic tables and barbecue. Reservations are accepted and groups are welcome. The area draws about two million tourist a year. Fishing, camping, water sports, golfing and touring of the Grand Coulee Dam are popular activities. Grand Coulee Dam - the World' s largest hydroelectric dam has a visitor center, as well as tours. Banks Lake, Lake Roosevelt and the Columbia River - all kinds of fishing, water sports and sightseeing! Also, nearby are Jet Ski rentals, boat launch, golf course and the Indian Museum on the Colville Indian Reservation.

 Highlights 
60 foot pull throughs50/30/20 AMP pedestals
 
40' X 60' office, gathering room & shopCable TV, high speed internet
  Financial Summary   
No Cash Flow Information Provided
 
  Space Mix Information
RV sites monthly
No. Spaces: 20
 
RV sites Daily
No. Spaces: 21
 
Tent sites Daily
No. Spaces: 10
 
 
  Debt & Equity Information
Debt Type:Proposed
Loan Amount:$227,500
Interest Rate:8.50%
Amortized Over:20
Due In:10
Annual Debt Service:$23,694
Down Payment:$122,500
 
Loan Description:
New loan of $227,500 after down payment of $122,500 with an interest rate of 8.5% amortized for 20 years and with a 10 year call. Monthly payments of approximately $1,974.47
6/29/2007
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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
 
 

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