Great opportunity to buy KOA RV resort far below replacement cost with great upside. 135 RV sites with 12 popular park model cabins and 123 full hookup RV sites with 8 pull thru sites. Rental rates are RV $35 daily and $600 monthly, two deluxe cabins $120 and regular cabins $85, and RV storage $50. Amenities include a clubhouse/general store/laundry/restrooms building of 3,150 square feet, swimming pool, two tennis courts, dog park, wifi, six 50 amp electric sites, 72 RV storage spaces, mature shade trees for all sites, and the Delta Bay Marina across the street. You can get more information on the RV resort at Seller use to be in the membership RV park business and purchased the park as an overflow RV park for his members. Then after getting out of the membership RV business, he converted to KOA but then corporate KOA bought the largest RV park and marina on the Delta. The KOA franchise can be terminated at any time. 2014 occupancy rate very low at 17% for the RV sites and 14% for the park model cabins. Most Delta RV resorts are at 40%-60% occupancy. RV resort in 2008 had almost double the income from 2014 (before KOA corporate bought the nearby RV resort). An owner/operator could get rid of most of the $70,000 in payroll and the $24,187 in KOA franchise expense and have strong cash flow even with the very low 2014 gross income. A targeted internet marketing campaign with would increase occupancy rates A still below market 30% occupancy rate for the RV sites and park model cabins plus 10 sites to Monthlies gets to an off the chart 20% cap rate (see Broker Proforma attached). Owner will also sell the 150 slip Delta Bay Marina across the street from the RV resort for $2,300,000 with an existing loan of $1,500,000.