Southern Mesa RV Park

Property Description:

Located in the snowbird destination of Yuma Southern Mesa is a 170 space RV park being sold for below replacement cost with huge upside. The park was bought in a distressed state in early 2014 and the buyer has spent an excess of $100,000 renovating the clubhouse and pool and chip sealing the streets which has brought in more tenants however still below comparable parks in occupancy. Broker estimates that with occupancies at 90% for prime winter months (January – March), 65% for holiday and spring months (November, December, April) and normal slow traffic for rest of year total revenues should exceed $300,000 annually with current rents. Only other nearby park is Del Pueblo which is a 4-5* with expensive amenities park yet has nearly double the rent so Southern Mesa offers a nice affordable option for snowbirds. Park amenities include pool, spa, clubhouse, putting green, horseshoe pits, and large sites with pads. Each site has 50amp service and full hookups. The park is on a well and septic system and both have been maintained and have reports for buyers. Monthly sites are $399 in the winter and annual rates are $1795. Management is in place and the owner comes to the park only about once a year. Big upside for a hands on owner to take this park to the next level. Other upside includes adding more park models and increasing advertising to attract snowbirds with big rigs in need of larger sites and more space.