Prime Investment Opportunity- 8% CAP RATE with increasing revenue monthly.
Discover Florence RV Park, a prime investment property in vibrant Florence, Alabama. This thriving RV park offers a blend of stability, growth and value add.
Property Highlights:
Current Capacity: 29 pads with a heated saltwater pool, 6000 sq ft Dog Park, 9 Acres
Expansion Potential: Permits for 20 additional pads, plus room for 20+ more.
Revenue Growth: 14% increase in revenue year-to-date, with further growth potential.
Management Residence: 2022 model "Marvel - 4" (56x28) with 4 bedrooms and 2 baths, ideal for a manager or as a clubhouse.
Occupancy Rates: 17 monthly residents with other pads booked 75% of the time.
Operating Details:
Rates: Monthly $799, weekly $315.
Low Operating Expenses: Contributing to high profitability.
Established Business: Opened with 14 pads in 2022, expanded to 29 pads in June 2023, 2 more phases already mapped out and 20 pads perc tested & permitted for the new owner.