PRICE REDUCTION: Cash-flowing seller financed beautiful looking 23-pad RV Park in Hawthorne, NV
This park is in great condition and perfect for a first-time investor. We were able to get the down payment and price reduced and the term length of the note increased. To see full details DM me. Offers due January 1, 2026. Deal Highlights:• Price: $725,000 (includes fee) • Year 1 COCR: 21.16% • Seller Financing Terms: $110k down, 3% interest, 9 yr term - monthly payment of $2,698.27 • Marketing: Currently, all word of mouth • Additional: Laundry facility and office building on site + potential room to expand another 10–15 spaces per seller • Tenant Base: Primarily mining and energy workers + long-term retirees• Management: On-site with strong collections and no delinquencies Occupancy:• 23 total spaces (21 RV + 2 MH) • 18 occupied / 5 vacant - 11 of these occupied spaces have been here 12 months or longer • 100% Tenant-Owned Homes (TOH) • Average rent: $411 (majority between $450–$500) with market being $450–$500 Utilities:• Water: City water (paid by park) - 2 mastermeters • Sewer: City sewer (paid by park) - 2 mastermeters • Electric: City - (paid by park) 10 lots are submetered and the rest are on 2 mastermeters • Trash: City - (paid by park) • Gas: City (for laundry and office - paid by park and each tenant is responsible for their own propane) • Note: The two mobile homes pay all of their own utilities CAPEX Requirements: • No CAPEX issues noted • Opportunity to add utility submeters and expand number of spaces Upside: • Rent Increase: Raise to $475 (market supported) • Marketing: Increase marketing efforts via Google Ads • Utility Billbacks: Submeter water and electric to shift costs to tenants (can easily switch electric over to the responsibility of 10 tenants) • Expansion: Add 10–15 additional pads with existing utility capacity Exit Options (8% CAP assumption): • Year 9 Sale: $894k profit • Refinance Option: Yr 9 refi with $472k profit and hold and cash flow