422 S Middlefork Rd - Garden Valley Village RV Park 1.74 Acres of Residential Land Offered at $675,000 in Garden Valley, ID 83622

Buy yourself a retirement lifestyle today! Generate truly passive income with this 13 space RV Park located in one of Idaho's hidden gems, Crouch, ID. The park offers wooded RV sites for a year-round place to park your RV to recreate in the beautiful Central Mountains of Idaho. Rolling hills, mature trees, full hookups (power, water, and septic) in each space and all within seconds of "town". Recently renovated electrical upgrades completed/underground electrical. This park is literally in town so guests can enjoy all the amenities easily without the need for a "tow vehicle". Restaurants, Dining, Grocery Stores, Coffee Shops, Dirty Shame (best pizza & live music!). Minutes to Terrace Lakes Golf Course and hot pool. Experience relaxing hikes or float down the Middle Fork River. You and your guests can enjoy fishing, paddle boarding & river rafting blocks away.
Currently, there are 10 spaces rented, generating $5,570 of rental income. Very few expenses mean great cash flow. Currently, the property is being managed by a third party professional management company.
Manage it yourself or keep them in place for easy, passive cash flow. A savvy investor may want to purchase new or used RV's to place in the vacant spaces and rent on a nightly rate, or monthly rate to those who are looking for an affordable place to live or a getaway close to everything. You may even decide to sell the RV's to the tenants or do lease to own or seller carried financing on the sale of those RV's to increase your profits. You may also consider placing luxury, high-end RV's to rent for higher nightly rates--or allow investors to place their RV's there on monthly rates and offer them for rent nightly themselves and generate income from their RV rather than paying to store it somewhere where it doesn't create value.
The upside potential of this property is only limited by your creativity! With 3 vacant units at the current moment, this deal could be a 9.4% cap rate with self-management. Get the park to 90% occupancy and it is over a 9% cap rate WITH property management costs included or an 11% cap rate with self-management. The property has an existing assumable loan of approximately $490K at 6.5% interest rate available (Must qualify with bank). Contact Listing agent for loan payment and details.