Flux River Resort RV - MH Park 7420 Rush Creek Rd Immeuble residentiel 52 lots 1 031 249 € (19 832 €/Lot) Taux de capitalisation 14,89 % Lewiston, CA 96052

***CAP RATE & GRM are PROFORMA***
*Assumable $500K Loan due in 2031*
Flux River Resort a +/-12 Acre retreat along the Trinity River located at 7420 Rush Creek Rd in Lewiston, CA, is a recently renovated community with excellent revenue upside. Originally built in 1970, this retreat property includes per HCD (50) MH spaces, (2) Mobile Homes (POH), (40) camping sites, upgraded laundry room, bathrooms and showers, and a recreational club house. The community offers affordable living with monthly site rents ranging from $550 plus utilities along with camp sites for $45 average daily rate (ADR).
This is an ideal lay out where the MH lots can be dedicated to long-term MH/RV residents to generate year round income then substantially increase revenue through the camp sites during the summer vacation months or for overnight stays.
In-place all of there are 15 occupied sites are leased to long-term RV residents generating $113,760 gross annual income or $8,480 monthly. RVers. The sites are serviced directly by electrical pedestals (30/50 amp) plus hook-ups for water and septic, meanwhile residents provide their own propane gas.
A new owner can utilize an Assumable $500,000 loan making $3,333 interest-only monthly payments with a Balloon balance due in 6+ years or by 8/20/31. Flux River Resort has a huge 14.89% cap rate potential with loss-to-vacancy potential annual rent of +/-$242,760 or $20,230 monthly.
The Sellers originally purchased this beautiful property for long-term ownership, however they're out of area focused on other established businesses which are out-of-area. This property has the opportunity to operate at maximum potential with a more hyper focused ownership specializing in RV and Campground ownerships. A new ownership will primarily have to focus on marketing and leasing since the major capex has already been completed to the infrastructure.
*LOCATION*
Nestled in the scenic countryside of Lewiston, California, the area surrounding the Flux River Resort offers a tranquil retreat for both residents and visitors alike. A new operator will appreciate the proximity to recreational opportunities, including the Rush Creek, Trinity River, and Whiskeytown Lake, perfect for outdoor enthusiasts. A short drive away, Lewiston Lake and Trinity Lake are popular destinations for fishing and boating. The area also boasts charming local businesses, dining establishments, and community events, creating a welcoming and vibrant atmosphere for residents and visitors . With its natural beauty and recreational amenities, the location presents an enticing opportunity for investors seeking to create a resort style thriving community with a mix of long-term residents, campers, and RVers in the Trinity Alps along the river front.
Essential Amenities such as groceries or daily needs are available at Lewiston Minimart or Smoke House Market. Sit down food local restaurants are the Lewiston Hotel Bar & Grill, J&J's BBQ, and Mountain Valley Grill. In addition, locals enjoy the scenery by hanging out at a couple local cafes.
*Hospital, Medical, and Grocery services are located in nearby Weaverville about a 20 minute drive from the subject property.