Contract assignment for a Lakefront RV Park with seller financing @3.5% - Lake County, California

mobile home university
1

I have a contract assignment for a 70 pad RV park in Lake County, CA. Beautiful lakefront parcel with zoning for a Hotel with a 20 slip marina.

2.6M asking price
600k down payment. Loan 2M
3.5% 30 year am with a 2 year balloon
Monthly payments of $8,981

53 tenants paying $630 monthly.
Running this with a 50% expense ratio put this a 200K NOI.

Comes with a large building that could be repurposed to gross an additional 15-20K monthly. Boat slips in the area are as high as $300 monthly.

Call Dominic at 330.789.2556 if you would like more info.

2

If you have any Mobile Home Parks in Toledo Ohio or outlying areas please contat me. Sue Green 360-241-1515

3

Nice work Dominic! It’s too far for me, but I’m looking for RV parks in the southeast, please let me know if you find anything.

4

Did you get this done

5

Yes. This park closed earlier this year.