1274 MILUM DR Moore Haven FL 33471-4960

Lakeport RV Resort is a 82-site long-term, majority senior RV resort. The park is located in Central Florida, just 30 miles west of Lake Okeechobee in Moore Haven. The resort spans over 21 acres and features almost 13 acres of additional expansion opportunities.

The asking price for the resort is $3,400,000 ($41,500/site).

This represents a 7.0% cap rate with 60 site expansion upside.

• Long-term RV park comprised of 82 RV sites and are located within 30 miles of fisherman’s paradise, Lake Okeechobee

• Majority of homes are skirted RVs and park-models on annual leases.

• The park tenants are predominately 55+ resulting in stable occupancy.

• Multiple value-add opportunities include; raising rates, converting seasonal sites to annual sites, selling/renting park-owned units, infilling vacant sites, and developing the entitled expansion land at Lakeport.

• The community is located in a qualified opportunity zone.