LOT RENTS ONLY ~ MINIMUM NEW OWNER EXPOSURE ~ VERY LOW OPERATING EXPENSES

OCEAN/GULF FRONT ADULT ORIENTED PARK ~ 52 TOTAL SITES, INCLUDING WATERFRONT SITES ~ Franklin County, (Panhandle) Florida

PRINCIPALS ONLY ~ REDUCED ASKING PRICE   $3,300,000
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SELLER IS READY TO SELL, RETIRE AND TRAVEL

This Park is Very Unique Including Two (2) Annual Rental Seasons, Ocean Front Sites ~ 250 ft. Fishing Pier ~ Concrete Building Including Office ~ Bath House~ Rec Room ~ Shop ~ Low Operating Expenses and Great Rental History.

High Demand Location on Major Highway Between Pensacola and Tallahassee.

3.5 Acres (Plus or Minus) ~ Plus Additional Adjoining Land Available for Purchase for Possible Expansion of Park.
City Water & Sewer ~ Low Maintenance Park and Very Economical Expenses
Great Upside Rental and Income Potential.

DESCRIPTION

ADULT Oriented RV PARK ~ Great History of Repeat Year-Round Rentals ~ Bath House ~Office and Rec Room ~ On-Site Experienced Management Team, Experienced IT and Maintenance Staff will stay on for new owner.

Upside rental income potential ~ Adult Park ~ All sites have City Water & Sewer.

Opportunity for New Owner to increase income with New Advertising and Improved Marketing and by Increasing Rents. Owner has Scheduled Rent Increases for this Year.

Revenue ~2015, 2016, 2017 Actuals and 2018 YTD Financials Are Available 

2016 - $417,216
2017 - $439,543       
2018 - $149,928 (1st Qtr Actual Revenue)

Cap Rate @ 10% (Net of Operating Expenses)

Please Fill in all the Blue Boxes on the Attached CA Agreement, Sign and Return the Attached CA Agreement to Receive all Updated Financial Information, Photos and Correct Address, or Call Me If You Have Already Sent Us Your CA Agreement.

Warm regards,
Doug Rhudy

561-762-8093

_{^{Franklin-County, FL Waters Edge RV Park (CA Agreement).pdf}}