For Sale
$2,400,000

0 -Huddleston, VA 24104

60-unit RV park, high ROI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 60-unit RV park in Roanoke, VA, presents a compelling investment opportunity. Boasting a 10.76% cap rate and an asking price of $2,400,000, this Class B property offers significant returns. Situated in a rapidly growing area of southwestern Virginia, the park benefits from its location near Smith Mountain Lake and the Blue Ridge Mountains, attracting both tourists and permanent residents. The Roanoke MSA's robust economy, fueled by finance, healthcare, and other sectors, further enhances the property's appeal. Recent upgrades include 25 newly developed RV sites, a renovated bathhouse, cabins, and office, minimizing deferred maintenance. The park's amenities include a fishing pond, sports courts, playground, and covered pavilion. High demand from seasonal renters and temporary workers needing short-term housing contributes to strong rental income. This turnkey operation, with an experienced campground host managing daily operations, is ideal for portfolio expansion or a first-time investment. The park's central location, within easy reach of Washington, D.C. and Raleigh, ensures consistent occupancy and rental rate growth. This is a rare opportunity to acquire a well-maintained, high-performing RV park in a thriving market.

Highlights

  • $2,400,000 asking price for a 60-unit Class B RV park/mobile home park in Huddleston, VA, offering a 10.76% cap rate.
  • Located in the Roanoke MSA, a growing regional hub for various industries, experiencing substantial population growth.
  • Situated near Smith Mountain Lake and the Blue Ridge Mountains, benefiting from strong tourism and attracting both seasonal and permanent residents.
  • Convenient location for travelers from major cities, resulting in consistent rental rate increases.
  • High demand from temporary workers seeking short-term housing options.
  • Recently renovated with 25 new RV sites and upgraded amenities, presenting a turnkey investment opportunity with minimal deferred maintenance.

Property Details for 0 -

Property type
Mobile home & RV parks
Class
B
Units
60

Location Insight

City
Huddleston
County
Bedford
State
Virginia
Latitude
37.1383561
Longitude
-79.4816378
-, Huddleston, Virginia

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
0 -
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message