240 N Riggles Ave
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240 N Riggles Ave
4,968 SF Specialty Building Offered at $1,250,000 at a 8% Cap Rate in Quartzsite, AZ 85346
Investment Highlights
- Near Interstate 10, Easy RV Access.
- Located Across the Street from the Only Site-Built Subdivision in Quartzsite. This is the Really Nice Part of Town.
- Can be Purchased as Part of the Owner's Quartzsite RV Park Portfolio. Please see the RV Pit Stop. Both for $3.2m.
- Value Add, Room to Add 12-13 More Spaces, UTV rentals.
- NO FLOOD PLAIN!
Executive Summary
Park can be purchased by itself or as part of a Portfolio Sale with the RV Pit Stop for $3.2m. See MLS #. The Park appraised for $1.25m in 2023. 95% bookings through 04/24. Reservations booked into 25. (27) 50amp RV stalls with room to add 13-14 more. $100,000+ Pre Tax Net for 2023. 8 CAP. The nearly 5,021sf Clubhouse offers an Event Center with a fully remodeled kitchen, new flooring, new furniture, a new shower, a remodeled office with new floors & built-in desk, a Camp Store and even an upstairs 1,000sf apartment (currently undergoing a remodel) to be used by either a Park Manager or addl income. Propane Tank recently added to sell propane to campers. A contactless overnight system is in place to optimize overnight bookings and traffic. Park backs up to BLM land, prime opportunity to add UTV rentals and more.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$145,000
|
$29.19
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$45,000
|
$9.06
|
| Net Operating Income |
$100,000
|
$20.13
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $145,000 |
| Annual Per SF | $29.19 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $45,000 |
| Annual Per SF | $9.06 |
| Net Operating Income | |
|---|---|
| Annual | $100,000 |
| Annual Per SF | $20.13 |
Property Facts
| Price | $1,250,000 | Building Class | B |
| Price Per SF | $252 | Lot Size | 2.55 AC |
| Sale Type | Investment | Building Size | 4,968 SF |
| Cap Rate | 8% | No. Stories | 2 |
| Property Type | Specialty | Year Built/Renovated | 2005/2024 |
| Property Subtype | Trailer/Camper Park | Parking Ratio | 5.38/1,000 SF |
| Price | $1,250,000 |
| Price Per SF | $252 |
| Sale Type | Investment |
| Cap Rate | 8% |
| Property Type | Specialty |
| Property Subtype | Trailer/Camper Park |
| Building Class | B |
| Lot Size | 2.55 AC |
| Building Size | 4,968 SF |
| No. Stories | 2 |
| Year Built/Renovated | 2005/2024 |
| Parking Ratio | 5.38/1,000 SF |
Amenities
- Property Manager on Site
- Signage
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zoning
| Zoning Code | Commercial (C-2. Commercial. Trailer Park/RV.) |
| Commercial (C-2. Commercial. Trailer Park/RV.) |
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Valley of the Sun Real Estate
240 N Riggles Ave
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