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    Off Main St Southeast CT, CT 00000

    For Sale
    $1,750,000

    Profitable RV Park, 72 Units

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional Class A RV park in Southeast Connecticut presents a compelling investment opportunity. Priced at $1,750,000, this stabilized property boasts a current NOI of $125,000, yielding a 7.14% cap rate. Pro-forma projections indicate a potential NOI of $136,000 and a 7.77% cap rate, showcasing significant upside potential. The 72-unit campground offers a diverse range of accommodations, including cabins, cottages, full hook-up sites, and primitive campsites, catering to a broad spectrum of outdoor enthusiasts. Situated off Main Street in Middlesex County, this family-owned campground is nestled in a tranquil rural setting. Amenities include a refreshing swimming pool, a dedicated recreation area perfect for family gatherings, and a rentable hall for events. The property's serene atmosphere and abundant amenities create an idyllic retreat for guests seeking relaxation and quality time with loved ones. This is a turnkey operation ready for a new owner to step in and continue the success of this established business. The property's strong performance and attractive location make it an ideal addition to any investment portfolio. Financial details are available upon request.

    Property Features for 0 Off Main St

    General Information

    Property type
    Multifamily properties
    Class
    A

    Building Details

    Units
    72

    HighLights

    • $1,750,000 asking price for a stabilized Class A RV park investment.
    • 7.14% current cap rate, projected to increase to 7.77%.
    • $125,000 current NOI, projected to reach $136,000.
    • 72 units including cabins, cottages, and various RV sites.
    • Located in a serene rural setting in Southeast Connecticut, Middlesex County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Map

    City
    Southeast CT
    County
    Middlesex
    State
    Connecticut

    FAQs

    What type of property is this?
    Multifamily property - Profitable RV Park, 72 Units
    Where is this multifamily property located?
    The property is located at Off Main St Southeast CT, CT.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: $1,750,000 asking price for a stabilized Class A RV park investment.; 7.14% current cap rate, projected to increase to 7.77%.; $125,000 current NOI, projected to reach $136,000.
    Request Owner's contact information
    Off Main St Southeast CT, CT 00000
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    Southeast CT, CT 00000
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Off Main St Southeast CT, CT 00000
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