The Westerner RV Park
$54K Per Site in Phoenix MSA
Marketing description
The Westerner RV Park consists of 37 RV Sites located in Florence, AZ in the Phoenix MSA. The Park is being offered at $54,054 per site and is underwritten with an expense load of $3,837 per site (51.03%), generating a Net Operating Income (NOI) of $139,939, which reflects a cap rate of 7% in a market characterized by high demand and limited inventory. This Park has benefited from recent capital improvements including new asphalt pavings, new 50 AMP electricity, and refreshed landscaping. All Due Diligence Documents are available upon request.
Investment highlights
37 Full-Hook Up RV Sites
Average Site Rent of $600
100% Occupied
Master-Metered City Water & City Sewer
Direct Billed Electricity | Water, Sewer, & Trash Included in Rent
Clubhouse, Laundry, Vending, Restrooms
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