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29993585
29993586

6581 River Rd, Waynesboro, GA 30830

CK
GA GA 408600, CA CA 3417384
Matthews
MT
GA 443183
Listed by Matthews
$855,000
105 days on market
Updated 53 days ago

Vogtle RV Park

Details
Property Type Multifamily
Sub Type RV Park
Square Footage 182,516
Units 33
Cap Rate 8.47%
NOI $72,407
Price per SqFt $5
Year Built 2015
Acreage 4.190

33-Site RV Park Investment with Value-Add Upside Near Plant Vogtle

Investment highlights

  • 33 RV Sites: Built in 2015, offering a modern and low-density layout for large RVs and long-term stays.

  • Flexible Rental Structure: RV lot community allows for monthly, weekly, and nightly rentals to maximize occupancy and revenue.

  • Value-Add Opportunity: 100% vacant, enabling value-add restructuring and upside through rent growth and expense optimization.

  • Large Land Area: Gross site area of ±182,516 SF (±4.19 acres) with average lot size of approximately ±5,531 SF.

  • Attractive Rent Metrics: Current average rent is approximately $783 per month with market average rent at $850 per month.

  • Strong Yield: In-place cap rate of approximately 8.5% based on current pro forma, with projected market cap rate of 14.65% or higher at stabilization.

  • Individually Metered Utilities: Each lot is separately metered for electricity and water/sewer, reducing owner expenses.

  • Multiple Revenue Streams: Diverse tenant base includes long-term workers, contractors, and short-term guests.

  • Expansion Potential: Additional 3-acre lot (28 more lots) available for purchase in close connection to the property.

  • Professional Management: Efficient site layout and professional management allow for operational efficiencies and margin improvement.

Listing Contacts

CK
GA GA 408600, CA CA 3417384
Matthews
MT
GA 443183
Listed by Matthews

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$72,407.00
$6,033.92/mo

Valuation Metrics

0
DSCR
8.47%
Cap Rate
8.47%
ROI

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Additional Information

Name
Maxx Bauman
License
80041, 451849
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305
Name
Connor Kerns
License
GA 408600
Brokerage
Matthews
Name
Max Tock
License
443183
Brokerage
Matthews Real Estate Investment Services
Brokerage Phone
4048970548
Title
Real Estate Broker
Brokerage Address
3060 Peachtree Road Northwest
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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