Remarks

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.

Details

MLS#: 518012
Price: $1,899,000

Style: Commercial Sale
Baths Full: 2
Three Quarter Baths: 0
Baths Half: 0
Sq Ft: 1512
Year Built: 2022

County: Lauderdale
Lot Size: 598.45 x 1295.59 x 331.666 x 448.34 x 229.25 x 282.65 x 118.89
Tax Fee: 1103.2

School Elementary: Florence
School Middle: Florence
School High: Florence