Opportunity to purchase a high-quality
RV park with 69-sites on 2.3 acres on
public utilities ideally located in one of
the largest and fastest growing markets
in Arizona.
– The park maintains high occupancy and growing cash flows due
to a diversified tenant mix with approximately 50% of the tenants
considered longer-term residents paying 12 months at a time or
longer. Annual revenue from these longer-term tenants has grown
substantially over the past few years, increasing by 131% from 2022
to 2023 and 12% from 2023 to 2024. The other 50% of the sites are
used as transient rentals. There is an opportunity for a new Owner to
grow the percentage of longer-term residents.
– Value-add opportunity to raise rates for all tenants in a landlord
friendly state. The current Owner plans to raise monthly long-term
residents’ rents by $39 in October 2025, which would add over $15K
of annual site rental revenue for the next Owner. Additionally, there
appears to be room to raise the daily/weekly/monthly rates for the
transient tenants.
– RV Customers are offered a variety of back-in and pull-through sites
with water/sewer/electric hookups. The RV Sites are a mixture
of 30 and 50 amp connections. The resort features an extensive
amenity package including Wi-Fi, a laundromat, hot tub, restrooms
and showers, swimming pool, fitness center, cable hookups, and
mail services.
– Current ownership has spent approximately $120,000 in upgrades
at the property, providing a turn-key operation for the next operator.
Major improvements include bathroom remodel, roof replacement,
WIFI upgrades, pool upgrades, and more (please see the Capex
schedule in the online Virtual Deal Room for more details).
– Strong demographics in the area: within a 15-mile radius of the
community, the average household incomes and housing values
are $123,140 and $576,272, respectively. Winter Arizonian business
continues to soar in this region. Mesa and surrounding areas are
hot spots for snowbirds and tourists. The region’s mild climate
and beautiful scenery attract visitors from across the nation year
after year.