Mobile Home Park Details
- Cap Rate: 8.6%
- Listing ID: 2434984
- Posted On: Apr 11, 2023
- Updated On: Aug 15, 2023
Description
Listing Broker: Courtney Shady & Ryan Ramseur
Contact Courtney Shady & Ryan Ramseur: +1-678-932-0200
BAXTER COUNTY, AR - Copper John's Resort & RV Park is nestled in the Arkansas Ozarks on the banks of the Historic White River. A true destination experience - famous for being one of the most trout rich fishing rivers in the country, Copper John's Resort & RV Park offers anglers and vacationers a fun and enjoyably unique experience. The resort has 50 full-hookup RV sites with riverfront access, 10 cabins, as well as a newly constructed duplex and a 4-plex all on site with access to a fly shop on property that is also included in the offering.
All RV sites have their own electric meter. Current ownership bills electricity to tenants whose stay exceeds 2 weeks. All sites are outfitted with 30 and 50 amp service. Nightly rates are $36 on standard RV lots and riverfront premium sites are $47, with monthly rates at $450/mo + electric. There is a bath house on property available to RV residents and features 4 individual private bathrooms and a large walk-in-shower. The entirety of the bath house is climate controlled with heating and air-conditioning.
Occupancy for the park varies as most of the visitors are transient on a seasonal basis. Cabin, duplex and 4-plex income make up most of the income.
This park is being offered as a turn-key investment at a 8.55% CAP rate. The seller currently has a manager for the resort and would likely be willing to stay on. The seller has maintained good books and records. We are asking investors to submit offers at, or above, $2,300,000.00 for the entire park, including the cabins, duplexes, 4-plex, and commercial building.
Park Information
Number of MH Lots: | 63 |
Size: | 12 acre(s) |
Utility Information
Water: | City |
Sewer: | Septic |