Contact Information

Mobile Home Park Details

  • Price: $1,300,000
  • Purchase Method: Cash, New Loan
  • Property ID: 1081954
  • Posted on May 16, 2019

Property Description

Property Description Eagle lake RV Park and complex. –

An exciting investment opportunity located in a popular area of Eagle Lake. Located on the north shore, Eagle Lake Resort (formally Mariner’s Resort) is located just outside of Susanville, California. Northern California.

This lake is known for it’s great fishing and the RV park is adjacent to 100 miles of BLM trails to ATV riding, horseback riding, running or going for a long peaceful walk.

This property needs a new owner to re-open and get a once thriving park up and going again. It is currently appraised at 1.8 million (not opened) and you could not re-build this park for the price we are asking therefore wanting a quick sell. Once opened and with financials this property most likely would be appraised higher which make this property have a great increased value upside along with great cashflow.

This RV park includes

13.77 acres 50 RV spaces with full hook-ups 30/50amps 7 RV backins available for buildout Ball Park Area – Leave as is or redevelop additional RV spaces Dump station Restaurant building with 2 Dining area Vaulted ceilings large fireplace Walkin Freezer Full Bar Convenience Store with Office sign in area Managers mobile home with three bedrooms and 2 baths Bunkhouse 1bedroom and 1 bath with kitchen and living area Shop building 960 square feet with all electric equipment Standby backup diesel generator Garage – 2400 square feet fully insulated with wood burning stove Laundry room and Restroom area 1140 square feet Recreational room 1344 square feet with kitchen, mens and womans rest room Public Sewer

We do not have current financials however these are our projections based on local market RV park rentals and only calculating on 5 months of income once full for peak season. Most RV parks in the area are open from May 1 to October 31st (5 months) depending on weather.

ESTIMATED INCOME FOR RV PARK AND COMPLEX

50 SITES INCOME

Units 41- 46 and 50 (with park models on site) 2,150 annually. 7 sites = $15,050 annually. 43 sites average nightly at $33.00 (based on neighboring parks) at 150 days annually = 212,850.00 for a total of estimated income assuming once you are full for 150 days of 227,900.00 annually.

OTHER INCOME POSSIBILITIES

Tent sites, 2 restaurants, Bar, Convenience store, Gas Station, Boat Storage, Laundry Income Venue for Weddings, family reunions, etc, Dump fees, More acreage for buildout for additional spaces

We are motivated sellers with an excellent opportunity for any serious investor looking to buy a RV Park, and we will look at any reasonable offer.

APPRAISAL JUSTIFICAITON

Taken from William G. Kimmel & Associates appraisal:

"In my judgement, Eagle Lake Resort is superior to the current Spalding Resort, based on comparative sales, it is my judgement that the market value of the subject property in its existing, or "as-is" condition, is estimated at $1,800,000.00."

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Similar Mobile Home Parks for Sale