For Sale
$5,200,000

7 4Th StHomedale, ID 83628

Idaho RV Park - 63 Units, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional Class A RV park, Shady Lane, presents a lucrative investment opportunity in Homedale, Idaho. Built in 2023, this 63-unit property boasts a substantial 4.248-acre lot offering stunning Snake River views. The park features full hookups for water, sewer, power, propane, and complimentary WiFi. Amenities include a fitness center, pickleball courts, all-weather cornhole, and a gazebo. Adding to its appeal, a portion of the property is currently leased to a gym, accessible to RV park residents. The property's NOI is $432,771, resulting in a pro-forma cap rate of 8.32%. The asking price is $5,200,000, translating to approximately $85,246 per unit. The property's location offers convenient access to local wineries. Significant upside potential exists due to the owner's limited marketing efforts to date, allowing a new owner to significantly increase revenue. A variety of owner-carry financing options are available. The total square footage ranges from 5,407 to 10,814 square feet. Located at 7 N 4th St E, Homedale, ID 83628, this property offers a unique blend of established income and growth potential in a desirable location. This is a turnkey operation ready for a new owner to step in and capitalize on its potential.

Highlights

  • 63-unit Class A RV park on the Snake River in Homedale, ID.
  • Amenities include a fitness center, pickleball courts, and a gazebo.
  • Conveniently located near local wineries.
  • On-site gym leased to a third party, accessible to RV park residents.
  • Significant upside potential due to limited prior marketing efforts.
  • Full hookups (water, sewer, power, propane, and WiFi).

Property Details for 7 4Th St

Property type
Mobile home & RV parks, Campgrounds
Square Feet
5,407 SF
Class
A
Year Built
2023
Lot Size (sq. ft)
185,043 SF
Units
63

Location Insight

City
Homedale
County
Owyhee
State
Idaho
Latitude
43.6180538
Longitude
-116.9267764
7 4Th St, Homedale, Idaho

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7 4Th St
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