Description
29-space RV Park on ten acres including private beautiful home with swimming pool on Illinois River on back five acres. Riverfront home currently vacant, was rented for $1725; market rent estimated at $2400. May have Airbnb potential. RV park also includes a one-bedroom apartment rented for $1250. Park gets some nightly traffic in the summer. Could be improved with marketing campaign. Total 31 units. Private water and septic. Go to park website at https://www.oljorvcampground.com/ for more information and photos. Cap rate of 7% based on 2022 actuals. 2022 Actual Gross was $127,573. 2022 Expenses: 42,564. 2022 NOI: $85,009.
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0BEDS
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10ACRES
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0BATHS
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01/2 BATHS
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3,000SQFT
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$400$/SQFT
School Information
Description
29-space RV Park on ten acres including private beautiful home with swimming pool on Illinois River on back five acres. Riverfront home currently vacant, was rented for $1725; market rent estimated at $2400. May have Airbnb potential. RV park also includes a one-bedroom apartment rented for $1250. Park gets some nightly traffic in the summer. Could be improved with marketing campaign. Total 31 units. Private water and septic. Go to park website at https://www.oljorvcampground.com/ for more information and photos. Cap rate of 7% based on 2022 actuals. 2022 Actual Gross was $127,573. 2022 Expenses: 42,564. 2022 NOI: $85,009.
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