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Property profile & analytics
OFF-MARKET
Mobile home & RV parks

335 Lazy Crk Dr Rutherfordton, NC 28139

18 ac lot Built 2004
Property ID
Property summary
AI-generated overview

Exceptional opportunity to acquire the highly-rated "Four Paws Kingdom," a 49-unit RV park situated on 18 acres in Rutherfordton, North Carolina. This Class A property boasts a strong NOI of $260,832, resulting in an 8.84% cap rate and an asking price of $2,950,000. Built in 2004, the park features a mix of RV sites, rental cabins, and rental trailers, complemented by a profitable camp store. Amenities include a bathhouse with four private bathrooms and showers, a laundry room with coin-operated washers and dryers, and a dedicated dog wash area. Seven dog parks, including a fenced pond park, cater to the park's canine clientele. Additional features include a large equipment barn/workshop, a detached woodshed, a pavilion with an attached food trailer, and an office with a spacious manager's apartment. The property is serviced by four wells and seven septic systems, all maintained to high standards. The park enjoys excellent online reviews, consistently receiving high ratings on TripAdvisor, Google, Facebook, and BringFido. Property taxes are $4,093 annually. This turnkey operation presents a compelling investment opportunity with significant upside potential. The combination of paved and gravel roads ensures easy navigation throughout the park. The property is offered fee simple.

Property profile
Verified
Property type Mobile home & RV parks
Year built 2004
Lot 18 ac (784,080 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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