Lazy Coyote RV Village

  • Price: $900,000

Property Description:

Lazy Coyote RV Village is a 90 space 55+ RV community located in the city of Wellton, Arizona just miles away from the snowbird destination city of Yuma, Arizona. Lazy Coyote was built in
1975. Massive infill upside on the property with the right owner and seller will finance to
accommodate such a turnaround project. Amenities include a laundry room, restrooms, designated
picnic areas, horseshoe pit and a 2,400sqft clubhouse. There is also a 1,650 sqft partially finished double-wide that come with the sale. The home will need a new kitchen and some other minor touch ups to be made livable and rent ready. The city of Wellton offers a peaceful place to stay while being just minutes from Yuma and all of its activities. Some of these activities include shopping, restaurants, golf courses, Yuma boat tours, Quechan and Cocopah Casinos and Resorts, and much more.
The property is serviced by city water and a septic system. There has been very little time and money spent on marketing to draw in seasonal and short tenants into the park. The broker recommends increasing the marketing budget and strategy to help draw in these long-term tenants to the park. As far as deferred maintenance, the broker believes the restroom building could be upgraded. This is not a day one cash flow deal the park has been mismanaged by the current owner and manager. A new experienced operator can easily come in and implement a strategy to bring the park up to market occupancy. The property operates year-around however caters to snowbirds.
PLEASE DO NOT DISTURB TENANTS OR MANAGEMENT IF VISITING PARK.
THEY ARE NOT AWARE PARK IS FOR SALE. PLEASE KEEP THIS LISTING
CONFIDENTIAL.

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