High return on Investment of 20%.
95% of the lots are rented year round typically to retired and low-income workers who use it for permanent residence. Considering the limited number of options available in this range of price, the population of this park is very stable. The Park is well-maintained and peaceful.
The park comprises 37 lots. All lots are occupied by RV or trailers - 34 that belong to owner. The 5% vacancy typically corresponds to the units that are refurbished each year between renters. Once updated, they rent very quickly.
The potential for growth is limited considering there is no room for more lots. However, rent can be increased for new renters and slightly increased for current one, but very slowly, considering the demographics. Still the income is very stable and reliable. More than 100 % higher ROI compared to most Real Estate investments. Additional services may be offered to increase income.
Because of the demographics being served and the longevity of renters, there are few RV Parks that compare to this one.
Will train for 2 weeks @ no cost. This park is considered a RV park even though it has long-time renters. The current owner has excellent people skills and is handy, which allows him to understand the work that needs to be done and how to solve the problems in the regular course of business. Buyer must demonstrate financial qualifications prior to obtaining additional information about this investment.