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

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.

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

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.