2444 River Rim RdLoveland, CO 80537

Property Details for 2444 River Rim Rd

Year built

1966

Lot size

25.00 AC

Property type

Hospitality properties

Property subtype

Multifamily properties

Description

Exceptional investment opportunity: Riverview RV Park & Campground, a 159-unit RV park situated on 25 acres in Loveland, Colorado, is offered at $6,250,000. This Class C, value-add property boasts a strong 9.76% cap rate and a substantial NOI of $609,722. Built in 1966 and renovated in 2015, the park comprises eight buildings across two stories and features a diverse range of sites: 41 extended stay, 77 back-in, 10 water-electric only, 23 pull-through, 5 tent sites, plus a rustic cabin and a tiny home short-term rental. Approximately 30% of sites are designated for extended stay month-to-month guests. Amenities include a gift shop, recreation hall, office, picnic pavilion, laundry, playground, dog park, fishing access, riverwalk, shower buildings, and ample utilities (dump station, propane pump, city water, on-site septic). The property also includes an equipment shelter, workshop, and a manager's home. Located on the Big Thompson River, seven miles west of Loveland and 23 miles southeast of Estes Park (gateway to Rocky Mountain National Park), this park benefits from its proximity to outdoor recreation and the thriving Fort Collins-Loveland MSA. The average price per unit is $39,308.18. Showings are by appointment only.

Location Insight

City

Loveland

County

Larimer

State

Colorado

Latitude

40.4173

Longitude

-105.191

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