- List Price $650,000
- Price / Unit $11,818
- Property Type Mixed Use
- Units 55
- Current Rents $177,981
- Pro Forma Rents $177,981
- In Place NOI $177,981
- Projected NOI $177,981
- Target CAP Rate 25%
- Market CAP Rate 12%
- Today's Market Value $650,000
- Value w/Market Rents $1,200,000
*Today’s Market Value & Value w/Market Rents is a theoretical value calculation derived by NOI and CAP rate. It does not take any other property factors into account.
- 55
- 10
- 5295
- 1996
- 80%
- 55
- 1
- Electric BB
- Varies
- Common, Paid
55
10
5295
- 1996
- 80%
- 55
- 1
- Electric BB
- Electric BB
- Common, Paid
About the property
Profitable RV Park Located on Highway 60, just off the Interstate 10 Freeway between Salome & Quartzsite. (55) Full Hookup Parking Stalls (Zoned for 110) with 20/30 & 50amp Power, Well Water w/RO & a Total of (6) Septic Systems. Newer Community Building with Full Commercial Kitchen, Bathrooms & Activities/TV/Game Room. Separate Building for Coin-Operated Laundry and Bathrooms/Showers. Office with Small Convenience Store. 35 Gallon Per Minute Well with a Total of 5,100 Gallon Storage Tanks. Large Propane Tank On-Site.
About the neighbourhood
- Salome, Arizona, is a prime investment location, particularly in the RV market, owing to its picturesque desert setting and proximity to attractions such as Alamo Lake State Park and the Colorado River. It serves as a gateway to tourist destinations like the Grand Canyon, attracting a steady demand for RV rentals and accommodations. The city's popularity among winter
Municipality - Investor Guide
Salome
| Transfer Stamps | Pre Sale Inspection | Yearly Rental Inspection | |
|---|---|---|---|
| Buyer: N/A | Cost: - | Required: None | Required: Varies |
| Seller: N/A | Cost: - | Cost: $0 | Cost: Varies |
| Notes | |||
| No municipality requirements needed | |||
For a list of all Municipality requirements visit our Municipality Requirements Page
Property Documents
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Walkscore
Nearby
- Arts & Entertainment
-
Westward Motel (12.89 mi)
-
Crraazy Jack & Poor Evie's Redwood Signs & Crafts (22.99 mi)
-
Quartzsite Qia Gem Show & Pow-Wow (22.93 mi)
- Education
-
Wenden Elementary (17.77 mi)
-
River Ski School (40.83 mi)
-
Palo Verde Community College (48.07 mi)
- Food
-
Dos Amigos (2.32 mi)
-
Vicksburg Swap Meet (4.54 mi)
-
Subway (5.76 mi)
- Health & Medical
-
Tri-Valley Medical Center (12.85 mi)
-
La Paz Medical Services (22.77 mi)
-
Quartzsite Beauty Salon (22.92 mi)
Contact Information
- List Price $650,000
- Property Type Mixed Use
- Current Rents $177,981
- In Place NOI $177,981
- Target CAP Rate 25%
- Today's Market Value $650,000
- Price / Unit $11,818
- Units 55
- Pro Forma Rents $177,981
- Projected NOI $177,981
- Market CAP Rate 12%
- Value w/Market Rents $1,200,000
*Today’s Market Value & Value w/Market Rents is a theoretical value calculation derived by NOI and CAP rate. It does not take any other property factors into account.
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Based on Citypoint’s communication with the seller, the price point listed is a price that the seller should be willing to transact at. Any terms for, or against, the seller can help/hurt this price level.
Many sellers have loan balances that need to be paid off at closing. If the seller’s net proceeds after commissions, taxes, closing fees, rent credits, security deposit credits, etc fall below their current loan balance the price will most likely be denied by the seller.
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