This offering is a combination of a 13-Unit Motel and a 10-space RV park on 3.5-acre MOL. Also included is a 1600 SF doublewide “2001” 3/2 MH. The bathhouse is located near the RV sector. The motel needs a little TLC and the park could use some paving.
Factored into the projections is $150,000 for upgrades and repairs within year 1 of new ownership. Also, factored in is an increased income due to these upgrades and beginning in year 2, that would include $48,000 in average gross annual income on RV lot rents at $500/mo and $208,000 annual gross revenue for the motel offering $55 ADR. Expected annual occupancy for both the Motel and RV park is 80%.
This offering includes:
3.5-Acres MOL (Zoned B-4)
13 Unit Motel (8,266 SF – Built 1953)
Newer Roof: 2017 Exterior Paint: 2023
Septic/Well
10-Sp RV Park
1 Doublewide MH
Current Income:
$153,740 Gross Revenue
$83,579 NOI
RV Expansion Opportunity: The owner has indicated there is an opportunity to expand the RV sector of this property to 10 more spaces.