7 4Th StHomedale, ID 83628

Property Details for 7 4Th St

Year built

2023

Lot size

4.25 AC

Property size (Sq ft)

5,407 SF

Property type

Hospitality properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Homedale

County

Owyhee

State

Idaho

Latitude

43.6181

Longitude

-116.927

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