RV Parks For Sale & Financing Loans

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MHRV ADVISORS: This is an opportunity to own a development MHC without going through the lengthy and costly planning process. Still in it’s initial fill phase, this park consists of 20 finished spaces of the 152 total permitted spaces. Of which 5 are on prepaid long term year leases (99 year) and 2 traditional tenants at $300 per month. There is also one park owned home and another home occupied by the onsite caretaker.

Built to today’s more modern standards the park has concrete streets and a completed clubhouse. The park is on city water as well as a newer septic system and tenants are direct billed for electric.

An appraisal from March 6, 2007 has $1,280,000 “As Is Market Value” and a replacement cost of approximately $1,350,000. Space rents are competitive and below market. There may be an opportunity to develop a portion of the approved spaces as RV spaces vs. Mobile Home Spaces. 

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THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, EXPENSE, AND ALL OTHER INFORMATION CONTAINED HEREIN.

The information contained herein has either been given to us by the owner or the property or obtained from sources that we deem reliable.  We have no reason to doubt its accuracy but we do not guarantee it.  Vacancy factors used herein are an arbitrary percentage used only as an example.  It does not necessarily relate to actual vacancy, if any.  The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket and other factors which your tax advisor and/or legal counsel should evaluate.