1505 Co Rd 23, Florence, AL 35633
sale
$2,490,000
|
Other
Courtesy Of MarMac Real Estate Shoals
Prime Investment Opportunity- 8% CAP RATE with increasing revenue monthly. Discover Florence RV Park, a prime investment property in vibrant Florence, Alabama. This thriving RV park offers a blend of stability, growth and value add. Property Highlights: Current Capacity: 29 pads with a heated saltwater pool, 6000 sq ft Dog Park, 9 Acres Expansion Potential: Permits for 20 additional pads, plus room for 20+ more. Revenue Growth: 14% increase in revenue year-to-date, with further growth potential. Management Residence: 2022 model "Marvel - 4" (56x28) with 4 bedrooms and 2 baths, ideal for a manager or as a clubhouse. Occupancy Rates: 17 monthly residents with other pads booked 75% of the time. Operating Details: Rates: Monthly $799, weekly $315. Low Operating Expenses: Contributing to high profitability. Established Business: Opened with 14 pads in 2022, expanded to 29 pads in June 2023, 2 more phases already mapped out and 20 pads perc tested & permitted for the new owner.
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Property Features
- Age: 1-5 Years Old
- Architecture Style: Other
- Floors: 1
- Legal Description: 9 AC/C (448.34' RD FTG) MARTIN PLACE BLK 6 LOT 3 & PT OF 1 & 2 BLK 5 LOTS 1,2,5 & 6 AND PT OF LOTS 3 & 4 SEC 7 T3S R11W PB 2 PG 69
- MLSID: 518012
- Rooms: Bathroom 2
- Rooms: Bathroom 1
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