24 Cheaha State Park Dr - 56 RV LOTS 12 CAP OWNER FINANCING
2,000 SF Specialty Building Offered at $1,995,000 at a 12.03% Cap Rate in Anniston, AL 36207
INVESTMENT HIGHLIGHTS
- Directly of the interstate for easy access
- Infrastructure done over the last 8 years and some in the last year
- Close to Cheaha State Park at the bottom of the mountain
- Campground has an established reputation on google
EXECUTIVE SUMMARY
56 Lots total 2 Parks(Each right off the HWY a few minutes from each other): 0 Hwy 21 Oxford, AL 363203 is the second location. 24 Cheaha State Park Drive has 35-37 lots on 14.7 acres with 21-22 of these longterm @ 550 to 600mo. The Hwy 21 Oxford locations has 21 lots on 7.2 Acres and 12 of those are long terms @ 600 per mo. and 40 per night. Cheaha has a bathhouse w/Laundry,Oxford has internet access. Oxford also has a 40x60 building that can be eventually rented or used for the facility. Both parks have been developed over the last 8 years. Each locations has room for expansion, Park uses septic tanks. FINANCIAL DETAIL IS AVAILABLE UPON REQUEST
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$248,000
|
$124.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$248,000
|
$124.00
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$57,000
|
$28.50
|
| Net Operating Income |
$191,000
|
$95.50
|
PROPERTY FACTS
| Price | $1,995,000 |
| Price Per SF | $998 |
| Sale Type | Investment |
| Cap Rate | 12.03% |
| Sale Condition | Bulk/Portfolio Sale |
| Property Type | Specialty |
| Property Subtype | Trailer/Camper Park |
| Lot Size | 21.90 AC |
| Building Size | 2,000 SF |
| No. Stories | 1 |
| Year Built | 2015 |
1 of 1
PROPERTY TAXES
| Parcel Number | 16-09-29-0-000-003.000 | Improvements Assessment | $62,432 |
| Land Assessment | $10,796 | Total Assessment | $73,228 |
