Description

The Westerner RV Park, located in Florence, Arizona within the Phoenix MSA, features 37 full hook-up RV sites and is offered at $54,054 per site. The property is underwritten with operating expenses of $3,837 per site (51.03%), producing a net operating income of $139,939 and reflecting a 7% cap rate in a market with strong demand and limited supply. Currently 100% occupied, the park achieves an average site rent of $600 and benefits from recent capital upgrades, including new asphalt paving, upgraded 50 AMP electrical service, and refreshed landscaping. Utilities are structured with master-metered city water and sewer included in rent, while electricity is billed directly to tenants; trash services are also included. Additional amenities such as a clubhouse, laundry facilities, vending machines, and restrooms enhance the overall tenant experience. All due diligence materials are available upon request.