Lakeside RV Park

Price: $1,139,000
Cap Rate: 10.000

Units: 59

Okeechobee, Florida

Lakeside RV Park includes 59 RV Spaces (the majority of which are permanent year-round tenants), and a single family home. The park also has 19 docks, which can accommodate approximately 38 boats. This park is and has been a historically fully occupied cash flowing RV park with the majority of tenants living there permanently. Priced well below market at approx. $19,305/space and with an 10% CAP rate this park will sell quickly! Located along the famous Lake Okeechobee in Central Florida the park is conveniently located within driving distance of the major Florida attractions and beaches.

In addition to its central location, across the road from the park is a 211 acre National Historic Landmark of the Okeechobee Battlefield where in 1837 future President of the United States Zachary Taylor led the US Army and Missouri Volunteers in an attack of the Seminole and Miccosukee tribes. The current project underway will include a museum and a place to conduct a yearly commemorative re-enactment of the battle.

The investment will allow a new owner to capitalize on a stable RV Park with long term tenants and historical cash flow. In addition, the current owner will be available in order to familiarize a new owner with the operations of the park. Upside potential includes an immediate rental increase, due to the current below market rents and a possible increase of the monthly water charge to the tenants.