Bear Den RV Resort
RV Park | 9.32% CAP | 49 Units
Marketing description
The MHP Value Team is pleased to offer for sale Bear Den RV Resort a 49-site RV community located in Grangeville, Idaho. The park currently includes 17 long term rv renters with an average rent of $600/m, 4 cabins that are usually occupied by monthly renters for $900/m, 1 single family home occupied at $1800/m and 27 rv spots for $55/day. The investment strategy for Bear Den focuses on driving steady rent growth, implementing professional management, and maintaining high-standard, efficient operations.A new investor has the opportunity to acquire a community with favorable seller financing terms. Owner is seeking offers with 20%-30% down and willing to carry the remaining balance at a 5% interest rate for 3-5 years. With 13% Cash on Cash returns year 1, investors benift from high cash flow instantly.
Investment highlights
- Favorable seller financing terms available. Owner is seeking offers with 20%-30% down and willing to carry the remaining balance at a 5% interest rate for 3-5 years.
- This park offers a mix of transit and long term rv renters making it a stable cash flowing asset every month.
- Multiple revenue streams, propane sales, cabins, rv sites and a single family home.
- Room for expansion. With ~17 acres of land included in the sale, there is room to expand the park an add amenities as needed.
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