- List Price $450,000
- Price / Unit $0
- Property Type Other
- Units 18
- Current Rents $106,125
- Pro Forma Rents $106,125
- In Place NOI $65,903
- Projected NOI $65,903
- Target CAP Rate 12.55%
- Market CAP Rate 6.5%
- Today's Market Value $827,000
- Value w/Market Rents $827,000
*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.
- 1
- 1
- 2020
- 0%
- 1
- Varies
- Varies
- Common, Paid
1
1
- 2020
- 0%
- 1
- 1
- Varies
- Varies
- Common, Paid
About the property
This expansive 23 acre RV park, situated along the US 60 frontage, offers an excellent opportunity for investment and expansion. The park features (17) full hook-up RV stalls and (1) electric-only hook-up, providing ample space for guests. Amenities include a spacious community building, a rentable cabin, a dump station, and laundry facilities. The property is serviced by a 400’+ fresh water well with two 12,000-gallon storage tanks and a 3,150-gallon septic tank. Seller financing is available with 50% down. Previously a church camp, the property offers a main office (manufactured home), cabin, clubhouse, and kitchen. Half of the lot has yet to be developed.
About the neighbourhood
- Embrace the Adventure at Our 23+ Acre RV Park along US 60 Frontage! Join Us for a Gold Rush Experience!
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
Property Financials
View current and future return metrics based on customizable inputs. "Annual Net Income", "Monthly Cash Flow", "Cash on Cash Return", "Equity Value", and "Equity Multiple" are based off of the "Year 2 Pro Forma" column inputs.
Property Current
This column shows the current financial state of the subject property. Some of these inputs may be estimations.
Year 2 Pro Forma
This column is based off of market rents and assumes proper property performance.
Debt Service
This column allows the user to add custom financing scenarios.
Mortgage Calculator
- Down Payment
- Loan Amount
- Monthly Mortgage Payment
- Monthly Property Tax
- Monthly Property Insurance
- Monthly HOA Fees
Utility Table
Currently No Utility data found for this property. Please Check back later.
Property Taxes
Currently No Tax data found for this property. Please Check back later.
Walkscore
Nearby
- Arts & Entertainment
-
Westward Motel (0.82 mi)
-
Mas Paz Good Vibes Shop (5.85 mi)
-
Quartzsite Community Center (34.44 mi)
- Education
-
Bicentennial High School (1.1 mi)
-
Bicentennial Union High School (0.79 mi)
-
Salome Elementary (0.79 mi)
- Food
-
Tio G’s Burgers and Dogs (0.67 mi)
-
Hope Shell Food Mart (0.79 mi)
-
Christina's Restaurant (0.79 mi)
- Health & Medical
-
Tri-Valley Medical Center (0.79 mi)
-
Bouse Medical Clinic (24.34 mi)
-
Townsend Well Drilling (24.45 mi)
Contact Information
- List Price $450,000
- Property Type Other
- Current Rents $106,125
- In Place NOI $65,903
- Target CAP Rate 12.55%
- Today's Market Value $827,000
- Price / Unit $0
- Units 18
- Pro Forma Rents $106,125
- Projected NOI $65,903
- Market CAP Rate 6.5%
- Value w/Market Rents $827,000
*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.
Similar Listings
Wicker Park Newer Development
1709 N Winnebago Ave. Chicago IL 60647Other
Units: 1- Beds: 3
- Baths: 3.5
2650 Sq Ft
Rogers Park Multifamily Brick Building
7325 N Honore St. Chicago IL 60626Multifamily
- Units: 28
- Beds: 38
- Baths: 29
- 21600 Sq Ft
Rare 2-Unit Renovated Property In Bridgeport
2724 S Crowell St. Chicago IL 60608Two - Four Unit
- Units: 2
- Beds: 5
- Baths: 2
- 2000 Sq Ft
