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Mobile Home Park Details

  • Price: $7,500,000
  • Cap Rate: 7.1%
  • Property ID: 1721795
  • Posted On: Jul 26, 2022
  • Updated On: Jul 27, 2022

Property Description

HIGHLY-RATED RV PARK NEAR BASE OF OLYMPIC NATIONAL PARK

THE OFFERING is 47 Lower Dam Road, Port Angeles, WA 98683, commonly known as Elwha Dam RV Park. Situated on three parcels totaling 17.52 acres, this is a fully-automated gated community with 67 RV spaces comprised of 52-full hookup and 15-partial hookups, 3 cabins, Airstream/glamping, and 5 acres frequently used and reserved for tent camping. The park has been meticulously cared for with quality infrastructure upgrades and regular maintenance. There is lush scenery complemented by the surrounding Olympic National Park with popular biking and hiking trails. The park operates with a mix of long-term RV and transient RV guests, separated from one another to provide the best experience for both parties. There are robust amenities and additional income sources at the park including food, general store & souvenir shop, on-site storage, electronic bike(s)/tours, wifi, laundry, greenhouse with hydroponic system, updated bathrooms, wood fired pizza oven, and more. The park is serviced by private well water and septic sewer. There may be an opportunity to further develop the acreage that is being used as tent camping, to include additional RV spaces or cabin sites.

Elwha Dam is a pride-of-ownership park, demonstrated by the numerous glowing reviews across multiple rating platforms, with more than 400 Google reviews and a 4.6-star overall rating.
The park is operated year-round, and has a high-quality website and reservation system that may be accessed at elwhadamrvpark.com.

The park is ideal for an owner/operator looking to acquire a quality, pride-of-ownership park that has strong cashflow from multiple income streams, with additional upside in potential development of additional sites. The premier destination location near the Olympic National Park, the dependable cashflow from monthly tenants in off-season, and the high income earning potential from transient guests during peak season presents a savvy investor a strong cashflowing asset with room to grow for many years.

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Park Information

Number of MH Lots: 71
Year Built: 1918
Size: 18 acre(s)

Financial Information

Net Operating Income $534,214
Debt Info

RV Information

Number of RV Lots: 67

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