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Cedar Cove MHRV Resort 1501 Slate Hill Rd Immeuble residentiel 173 lots 6 544 056 € (37 827 €/Lot) Mooresburg, TN 37811
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- MHC-style - Annual leases, tenant-owned units, zero park-owned inventory, no transient turnover, & most of units with permanent structures attached
- Stable property w/ strong cash-flow and significant value add including: higher rates, operating sites year-round, convert uncovered sites to covered
- Location leverage - 1 hour to Knoxville; the Tri-Cities, Great Smoky Mountains NP, Pigeon Forge, Gatlinburg, and Dollywood all within roughly an hour
- Irreplaceable waterfront - direct Cherokee Lake frontage, one of TN's largest reservoirs, with private marina, dock, ramp, beach, and boat storage
- Additional value add: add mini storage, add new dock, renovate storage space in resort office to additional amenities or apartment, add a transfer fee
Résumé analytique
Colliers Manufactured Housing & RV Group, serving as the exclusive agent for the Owner, presents the offering to acquire the Cedar Cove Resort, a 173-total site long-term seasonal RV resort located on Cherokee Lake in Mooresburg, Tennessee. Positioned on the US-11W corridor roughly one hour northeast of Knoxville.
Almost all sites are leased on annual agreements to tenants who own their RVs and park models, and have made many site upgrades including skirting. There are no park-owned units, no nightly rentals, and none of the turnover or operating intensity of a transient campground. The result is a durable, twelve-month income stream, similar to a mobile home park.
The seller has been steadily advancing rents, demonstrating both the depth of demand for lakefront living in East Tennessee and the pricing power of the resort.
With stabilized occupancy, in-place professional management, and contractual annual leases, Cedar Cove offers new ownership day-one cash flow with clearly identified paths to grow: including adding storage, covering the remaining uncovered sites, adding new docks, opening up more year round sites, growing rents, etc.
Almost all sites are leased on annual agreements to tenants who own their RVs and park models, and have made many site upgrades including skirting. There are no park-owned units, no nightly rentals, and none of the turnover or operating intensity of a transient campground. The result is a durable, twelve-month income stream, similar to a mobile home park.
The seller has been steadily advancing rents, demonstrating both the depth of demand for lakefront living in East Tennessee and the pricing power of the resort.
With stabilized occupancy, in-place professional management, and contractual annual leases, Cedar Cove offers new ownership day-one cash flow with clearly identified paths to grow: including adding storage, covering the remaining uncovered sites, adding new docks, opening up more year round sites, growing rents, etc.
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Informations sur l’immeuble
1 1
Exceptionnellement adapté aux voitures
100/100
Assez praticable en vélo
20/100
Taxes foncières
| N° de parcelle | Évaluation des aménagements | 34 701 € | |
| Évaluation du terrain | 0 € | Évaluation totale | 34 701 € |
Taxes foncières
N° de parcelle
Évaluation du terrain
0 €
Évaluation des aménagements
34 701 €
Évaluation totale
34 701 €
Contacts
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Mike Nissley -
Richard Knapp -
David Nissley -
Colliers Manufactured Housing & RV Group
1 sur 8
Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
Street view
Rue
Carte
1 sur 1
Présenté par
Cedar Cove MHRV Resort | 1501 Slate Hill Rd
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