1062 Cumberland Cove Rd Madill, OK 73446
274 Sites, $4M Value-Add Opportunity
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 127
Highlights
- Acquire a 274-site RV park portfolio across four states for $4,000,000, significantly below replacement cost, offering high double-digit unlevered yield potential.
- Assume ownership of essentially vacant parks, transitioning from a membership club model to traditional RV park operations.
- Benefit from significantly below-market occupancy and rates due to the prior membership structure, creating immediate upside.
- Three of the four parks have existing management in place, ensuring a smooth transition; seller assistance available for the remaining park.
- Long-term value-add potential through site expansion, amenity additions, cabin construction, and operational optimization, leveraging economies of scale.
Property Details for 1062 Cumberland Cove Rd
- Property type
- Mobile home & RV parks, Campgrounds
- Lot Size (sq. ft)
- 18,469,440 SF
- Units
- 274
Location Insight
- City
- Madill
- County
- Marshall
- State
- Oklahoma
- Latitude
- 34.0599408
- Longitude
- -96.5839702
Nearby Similar for Sale
FAQs
- What type of property is this?
- Mobile home & RV park - 274 Sites, $4M Value-Add Opportunity
- Where is the mobile home & rv park located?
- The property is located at 1062 Cumberland Cove Rd Madill, OK.
- What is the asking price?
- The asking price for this property is $4,000,000.
- What are key features of this property?
- This property features: Acquire a 274-site RV park portfolio across four states for $4,000,000, significantly below replacement cost, offering high double-digit unlevered yield potential.; Assume ownership of essentially vacant parks, transitioning from a membership club model to traditional RV park operations.; Benefit from significantly below-market occupancy and rates due to the prior membership structure, creating immediate upside.
- How can I contact the broker?
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