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26441522
26441523

40 Floyd St, Rudd, IA 50471

DV
NE 20220468
Century 21 Signature Real Estate Ankeny
NC
WI 111468-94, MN 40835623 (+1)
Century 21 Signature Real Estate
Listed by Century 21 Signature Real Estate Ankeny, Century 21 Signature Real Estate
$199,750
300 days on market
Updated 18 days ago

Woody's Campground by the Lake

Details
Property Type Mobile Home Park, Multifamily
Sub Type RV Park
Units 12
Cap Rate 10.7%
NOI $21,366
Class B
Year Built 2021
Acreage 1.000
Zoning Commercial

Newly Constructed 12 Pad RV Park - Turnkey Operations

Marketing description

Woody's Campground by the Lake is a recently constructed hidden gem offering new ownership substantial upside. This 12 lot RV Park was constructed in 2021 and designed to accommodate both short term and long term patrons. Each RV lot features cement pads and full utility hookups, including sanitary. Monthly rates are currently set at $390, following a $5 increase from the previous year. This property has low overhead costs and minimal maintenance needs, which offers new ownership considerable upside.

Woody’s is located along the highly traveled Avenue of the Saints, and is adjacent to the City run RV Park and 11+ acre Lake which draws a heavy tourism crowd.

Investment highlights

This property offers new ownership a recently developed, turnkey campground perfectly situated adjacent to the lake. New ownership can expect maximum returns, with minimal maintenance and capital expenditures.

  • Onsite management in place for day to day operations.

Utilities at the pad include:

  • Water

  • Electric

  • Sanitary Run (PVC)

Listing Contacts

DV
NE 20220468
Century 21 Signature Real Estate Ankeny
NC
WI 111468-94, MN 40835623 (+1)
Century 21 Signature Real Estate
Listed by Century 21 Signature Real Estate Ankeny, Century 21 Signature Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$21,366.00
$1,780.50/mo

Valuation Metrics

0
DSCR
10.7%
Cap Rate
10.7%
ROI

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