3905 Pine Mountain Rd | Iron Mountain, MI 49801
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
3905 Pine Mountain Rd
Iron Mountain, MI 49801
Rivers Bend Campground · Specialty Property For Sale · 10,000 SF
Investment Highlights
- Rivers Bend RV Resort & Campground, LLC will sign a 15-year ground lease sale lease back at the close of escrow
- Absolute net lease with zero landlord responsibilities
- Passive net lease investment with a buyback option starting year 6
- Contracted annual rent increases of 3%, a strong hedge against inflation
- Seller financing available
- Buy back option starting year 6 with the buyback value increasing at a 9% compounded rate, resulting to an Annual IRR of 30% per year
PROPERTY FACTS
| Property Type | Specialty | Building Size | 10,000 SF |
| Property Subtype | Trailer/Camper Park | No. Stories | 1 |
| Building Class | C | Year Built | 2003 |
| Lot Size | 24.37 AC |
| Property Type | Specialty |
| Property Subtype | Trailer/Camper Park |
| Building Class | C |
| Lot Size | 24.37 AC |
| Building Size | 10,000 SF |
| No. Stories | 1 |
| Year Built | 2003 |
PROPERTY TAXES
| Parcel Number | 002-413-027-20 | Improvements Assessment | $0 |
| Land Assessment | $475,100 | Total Assessment | $475,100 |
PROPERTY TAXES
Parcel Number
002-413-027-20
Land Assessment
$475,100
Improvements Assessment
$0
Total Assessment
$475,100
zoning
| Zoning Code | C |
| C |
1 of 1
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
