270+ park sites. 103 Long term tenants. Business and Land included. Usually almost always 90% occupied. asking 8m. big cashflow and solid upside in lowering expenses and raising rents.
Its family owned and operated for 40 +yrs. Private well, and sewer. Park pays for electricity.
included a general store w groceries, propane and gasoline. 45 wooded acres of land with fully amenity infrastructure.
seasonal pool, water slide and a sandy beach. arcade, mini golf , playgrounds and event pavilion.
Laundry, bathhouse and wknd programs. LT resident base. Clean title and Long term ownership.
Land is included in the sale.
Park is free and clear. Reported NOI is 559k, but 959, 407 NOI includes( 400k off book cash)
expense ratio is 55.3%, but w adjusted NOI that includes the 400k off book cash , exp. ratio is 41.9%.
NO FEE FROM THE BUYER TO BE PAID!
Helping a wholesaler and friend of mine to sell this park.
If interested, we will get you all the financials. its a Great Opportunity!. solid numbers if RVS are your biz model!
Raise rents and lower expenses to optimize this asset.
Thanks,
Dan G.
DLG Properties