Listed by Berkadia Commercial Mortgage Orlando
$5,750,000
Sparrow Pond RV Park
Details
APN 47002007000300
Property Type Multifamily, Mobile Home Park
Sub Type RV Park
Square Footage 11,250
Units 1
Cap Rate 7.33%
NOI $366,606
Pro-Forma Cap Rate 8.53%
Pro-Forma NOI $426,600
Year Built 2003
Stories 1
Acreage 173.000
Ground Lease No
195-Site Seasonal RV Park with Excellent Amenities Package
Marketing description
Berkadia Manufactured Housing is pleased to present Sparrow Pond RV Park in the Erie, PA MSA. This offering features 195 total sites with a diverse mix of seasonal RV sites, transient RV sites, cabins, park models, and tent sites, appealing to a wide range of visitors. The park’s convenient proximity to Erie provides guests with easy access to regional attractions, outdoor recreation, and employment centers, enhancing its draw for repeat seasonal visitors.
Investment highlights
195 Total Sites With a Unique Site Mix
Seasonal Park: Open April 24 - October 25
Great Accessibility to Erie, PA
Strong Track Record of Seasonal Visitors
Desirable Amenities Package
Excellent Curb Appeal
Onsite Store Allowing for Additional Income Stream
Listing Contacts
Listed by Berkadia Commercial Mortgage Orlando
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$366,606.00
$30,550.50/mo
Valuation Metrics
0
DSCR
6.38%
Cap Rate
6.38%
ROI
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