RV park with 8 hookups on 0.92 Acres, fully fenced and gated across from senior citizen center.
All spots have individual water, sewer and meters/electric hookups
4 spots come with a storage shed dedicated to spot.
Property has “Community” Bathroom w/shower, Laundry room w/washer/dryer, workshop room
Property on Well and Commercial Septic (pumped and additional leach lines added less than 3 months ago)
Property was an Owner/Operator and has moved out of his spot as of this week so there is currently one vacancy
As Owner, you're not responsible for any repairs to RVs (privately owned)
Property has 2 RVs being stored for rent as well
Maintenance man available to stay on at no cost or any loss of income
Current Tenants are month to month - 4 Spots have been month to month for over 2 years.
Best and most commonly used as long term rental spots. (rarely has vacancies)
Rents (All spots have $100 security deposit being held)
#1- $250 #2- $300 #3- $250 #4- $250
#5- $300 #6- $250 #7- (Vacant) Owners Spot #8 - $300
#9- Maintenance Spot ( not leasable)
Storage #A- $50 Storage #B- $50
Actual Gross Yearly Income - $24,000
Expenses
Taxes - $438/yr
Common Area Electric- $840/yr (avg)
Maintenance (property recently renovated, so I’ll put a “Pad”) - $722/yr
Total Expenses - $2,000/y
Actual NET Yearly income - $22,000 / CAP Rate - 7.33%
Performa (Based off CURRENT market rents)
Current rents are way below the current market rents. Going rate for an RV spot (without storage shed) is $350-$400
Performa Yearly Gross - $34,800
Yearly Expenses - $2,000
Performa Yearly NET - $32,800
CAP Rate - 10.93%
Local Management Companies available.
