Description

This 235-site high-quality RV resort, located in Henderson, Nevada, offers a stabilized, income-producing asset in one of the most sought-after RV markets in the Southwest. The property may be acquired individually or as part of a ±372-site portfolio, which includes the Riviera RV Park in Las Vegas (2200 Palm St, Las Vegas, NV 89104). Fully connected to city water and sewer, the resort features sub-metered electricity, with water, sewer, and trash included in the rent. Monthly rents range between $700 and $800, plus electric, and the park caters primarily to monthly and long-term tenants, while also offering daily and weekly options. Residents enjoy a comprehensive amenity package, including a swimming pool, spa, clubhouse, office, secure gated entry with security, restroom and shower facilities, laundry, dog run areas, and on-site storage. The park is well-maintained, landscaped, and professionally managed, with a strong track record of year-over-year income growth and stable occupancy. Significant recent capital improvements include approximately $1 million in electrical upgrades. The asset is underwritten with a 46% expense ratio, and projected gross income exceeds $1.67 million, making this a compelling investment in a high-demand market with limited supply.