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Property profile

0 Off Main St Southeast CT, CT

OFF-MARKET
Specialty properties
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Property summary

AI-generated overview

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 profile

Verified
Property type Specialty properties

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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