For Sale
$849,000

0Buckhead Ridge, FL 34974

High-yield Florida RV park, turnkey operation.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 0.43-acre turnkey RV park situated on the Rim Canal in Lake Okeechobee, Florida. Boasting a remarkable 11.33% cap rate and a net operating income (NOI) of $96,202, this property offers significant returns. Currently operating at 100% occupancy, the park generates a gross income of $110,100. The property features city water and sewer connections, adding to its operational efficiency. Three units have been recently updated with brand-new roofs, and several units have new central air conditioning systems. Further enhancing its appeal, a new seawall is currently under construction (2024 completion). Conveniently located within walking distance of local amenities such as convenience stores, grocery stores, and restaurants, this park provides residents with easy access to essential services. On-site laundry facilities add to the convenience for residents. This property is an ideal acquisition for first-time investors or those seeking a low-maintenance, high-return investment. The park is available for sale individually or as part of a larger package. The asking price is $849,000.

Highlights

  • Turnkey RV park on Lake Okeechobee's Rim Canal, offering an 11.33% cap rate and $96,202 NOI.
  • Currently operating at 100% occupancy, generating $110,100 gross annual income.
  • Features city water and sewer, recently updated roofs on three units, and several units with new AC.
  • New seawall under construction (completion 2024), and located near amenities.
  • Includes on-site laundry facilities; available individually or as part of a larger portfolio. Asking price: $849,000.

Property Details

Property type
Mobile home & RV parks, Campgrounds
Lot Size (sq. ft)
18,731 SF

Location Insight

City
Buckhead Ridge
County
State
Florida
Latitude
27.199670374409
Longitude
-80.826283254414
Buckhead Ridge, Florida

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