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24658858
24658859

9125 Hwy 2 E., Hungry Horse, MT 59912

JB
WA 98291, ID 8671058
Marcus & Millichap - Seattle
Listed by Marcus & Millichap - Seattle
$7,000,000
387 days on market
Updated 23 days ago

Mountain Meadow RV Park & Cabins

Details
Property Type Multifamily
Sub Type RV Park
Units 63
Cap Rate 6.03%
NOI $422,182
Occupancy 100%
Pro-Forma Cap Rate 9.58%
Pro-Forma NOI $670,799
Broker Co-Op Yes
Class B
Year Built 1992
Acreage 33.000
Investment Type Stabilized

Multifamily | 63 Units | $111,111/unit

Marketing description

Marcus & Millichap is pleased to exclusively offer for sale Mountain Meadow RV Park & cabins. Located in Hungry Horse, Flathead County Montana. Mountain Meadow RV Park is a Seasonal RV Park that has been in operation for over 20 years. The park encompasses an impressive 33 acres and sits right off Hwy 2 making it very convenient for travelers. It is 9 miles from the west entrance to Glacier National Park, combined with its wonderful amenities and serene atmosphere, makes this a premier location for park visitors throughout the season. It has an abundance of natural scenic beauty and is ideal for camping and fishing, as well as many other outdoor activities found in the area. It’s no wonder why this park is a top recommendation from places like Frommer’s Best RV Campground, Cruise America RV Rentals and Big Rigs best to name a few.

Mountain Meadow RV Park offers guests both full and partial hookup RV sites, well-manicured tent sites, and fully furnished cabins to fit whatever camping style you prefer. Guests have been coming back to this park year after year for 10-20 years because they know they can expect a safe, clean, fun and leisurely stay, with a variety of amenities that include a large pond stocked with trout, 50/30-amp sites, Barbecue/campfire grills, picnic tables and a store/gift shop stocked with price conscious sundries, souvenirs, snacks and essentials. This allows guests to prioritize their Montana experiences. The park benefits from high occupancy throughout the entire season from both new and returning guests. One of the main reasons for this is because the owners don't fluctuate their rates throughout the season unlike many of their competitors. The park is usually 60% booked by February and then fills up as the season gets closer. Other reasons guests choose Mountain Meadow over the competition is because the park is know to give back to the guests, they are known for their pristine bath houses, and laundry rooms as well as their groomed grounds and helpful staff that is always available to recommend the best local sites, amenities, and events so guests can really experience all that Montana and the Glacier Corridor has to offer. Other amenities at the park include private bathrooms and showers, an office, laundry facilities, WIFI, dump station, mobile pump out service and 33 acres of outdoor exploration.

Current ownership of the park have spent a considerable amount of time and capital over the years improving the quality of the park, making it one of the most desirable RV or camping spots in the area. Located off U.S. Hwy 2 approximately 9 miles from Glacier National Park, 16 miles from Whitefish and 30 miles from Flathead the park is full the entire season with families and outdoor enthusiasts alike. Current ownership is only using approximately 17 of the available 33 acres, making this a very attractive opportunity for expansion. The National Park Service has reported year over year increases in recreation visits with 2024 being a record year for visitors to the National Park. With the Glacier visitation being the primary draw and record numbers of visitors visiting the area and a lack of places to stay close to the park having the ability to expand and bring in more guests would be an amazing opportunity for a new owner. Not only would expansion allow an owner to capitalize on the draw from the National Park, but this area also suffers from a lack of affordable housing allowing an owner to tap into the year round market through expansion as well. This combined with everything else this park offers allows a new owner the opportunity to maximize their income potential. This would be an ideal investment for any experienced RV Park or hospitality owner looking to expand their existing portfolio,

Investment highlights

Full Service Sites Suitable for Big Rigs

30/50 Amp Sites

Additional land for expansion

9 Miles from Glacier National Park

Listing Contacts

JB
WA 98291, ID 8671058
Marcus & Millichap - Seattle
Listed by Marcus & Millichap - Seattle

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$422,182.00
$35,181.83/mo

Valuation Metrics

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DSCR
6.03%
Cap Rate
6.03%
ROI

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Additional Information

Name
Adam Christofferson
License
MT RRE-BRO-LIC-15748
Title
Broker of Record
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