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For Sale
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N e e d l e s M a r i n
a P a r
k
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1st Time On
Market
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♦ $5,755,000 231 Sites
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Dynamic River Location
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♦ Lagoon Marina, Private Dock & Boat Ramp
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Prime Location
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♦ Annual Income Stream (Summer to Winter)
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FOR SALE
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♦ Great Value $24,900 per space
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MHRV ADVISORS: 1 st
Time to market with decades
of recurring income from strong and dynamic revenue sources. This is the only park in the area with a
protected launch ramp in a lagoon marina with boat slips. Current rents and rates are lower than
market comps
(Low MH rents of $289
to $375). Heavy demand comes from the predictable return of “Snowbirds” every winter and unstoppable river
demand every summer. Some residents pay annually with one check to receive and even further discounted rate.
(see attached rent roll) RV spaces are even lower at $36 to $38 per day for
riverfront sites during the summer. This park is always in demand.
There are 231 space and 64 boat
slips in the marina. The spaces include 73 MH spaces and 158 RV spaces. There are also 6 cabins and a owners
riverfront manufactured home. Additional amenities include a gas dock, fully stock store, pool, spa, recreation
hall, ample & storage (with income). Directly adjacent to the park is the Rivers Edge Municipal Golf Course
which acts like another major amenity that you do not have to pay for or maintain.
Approximately 30 total acres
includes 9 acres fee simple, 16 acres BLM lease and 5 acres of leased land from the City of Needles. Both leases
are simultaneously renew on 12/31/2028 (or 17 years). This park has been owned and operated by the same family
since 1976, they are ready to retire from hands on park operations leaving a rare opportunity to purchase an
excellent park that only needs a modern management style. Offered at only $24,900 per space, you couldn’t come
close to building this park today.
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Please do not contact property manager
or tenant. All visits must be approved by MHRV Advisors
prior to visit.
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MHRV Advisors fully
cooperates and openly encourages broker and agent participation on all of our
listings.
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Subject Photo
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| Please do not contact
property manager or tenants, contact MHRV Advisors before any visit. |
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.
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