For Sale
$6,250,000

2444 River Rim Rd Loveland, CO 80537

159-unit RV park, high ROI, value-add potential.

Overview

Added:
Dec 11, 2024
Days on market:
138
Exceptional investment opportunity: Riverview RV Park & Campground, a 159-unit RV park situated on 25 acres in Loveland, Colorado, is offered at $6,250,000. This Class C, value-add property boasts a strong 9.76% cap rate and a substantial NOI of $609,722. Built in 1966 and renovated in 2015, the park comprises eight buildings across two stories and features a diverse range of sites: 41 extended stay, 77 back-in, 10 water-electric only, 23 pull-through, 5 tent sites, plus a rustic cabin and a tiny home short-term rental. Approximately 30% of sites are designated for extended stay month-to-month guests. Amenities include a gift shop, recreation hall, office, picnic pavilion, laundry, playground, dog park, fishing access, riverwalk, shower buildings, and ample utilities (dump station, propane pump, city water, on-site septic). The property also includes an equipment shelter, workshop, and a manager's home. Located on the Big Thompson River, seven miles west of Loveland and 23 miles southeast of Estes Park (gateway to Rocky Mountain National Park), this park benefits from its proximity to outdoor recreation and the thriving Fort Collins-Loveland MSA. The average price per unit is $39,308.18. Showings are by appointment only.

Highlights

  • $6,250,000 asking price for a value-add, Class C multifamily RV park investment.
  • 9.76% cap rate with a $609,722 NOI.
  • 159 units on 25 acres, averaging $39,308 per unit.
  • Built in 1966, renovated in 2015, with 8 buildings and 2 stories.
  • Located at 2444 River Rim Rd, Loveland, CO 80537, offering Big Thompson River frontage and expansion potential.

Property Details for 2444 River Rim Rd

Property type
Mobile home & RV parks, Campgrounds
Class
C
Year Built/Renovated
1966/2015
Buildings
8
Stories
2
Lot Size (sq. ft)
1,089,000 SF
Units
159

Location Insight

City
Loveland
County
Larimer
State
Colorado
Latitude
40.417272659463
Longitude
-105.19057574241

FAQs

What type of property is this?
Mobile home & RV park - 159-unit RV park, high ROI, value-add potential.
Where is the mobile home & rv park located?
The property is located at 2444 River Rim Rd Loveland, CO.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: $6,250,000 asking price for a value-add, Class C multifamily RV park investment.; 9.76% cap rate with a $609,722 NOI.; 159 units on 25 acres, averaging $39,308 per unit.
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2444 River Rim Rd
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