2200th St LaCygne, KS 66040

Property Details for 2200th St

Lot size

8.80 lot acres

Property type

Mobile home & RV parks

Property subtype

Hospitality properties

Description

Exceptional investment opportunity in Lacygne, Kansas, presents a thriving 8.8-acre RV park and motel complex. Boasting a robust 10% cap rate and a substantial NOI of $243,110.09, this property offers significant return potential. All rental units underwent complete renovations in 2022, enhancing guest comfort and appeal. The property includes a newly added covered pavilion and picnic area, perfect for gatherings. High-speed internet access (1 GB fiber) is available throughout the complex. Its prime location adjacent to La Cygne Lake, a year-round fishing lake, ensures consistent occupancy. The property benefits from a diverse clientele, including hunters, fishermen, wedding guests, families, and seasonal workers from the nearby power plant. The area hosts two annual fishing tournaments and attracts numerous deer hunters during the fall and winter months. The proximity to the Marais Des Cygne Wildlife Area further enhances its appeal to outdoor enthusiasts. This is the only rental property of its kind in the area, presenting a unique opportunity for growth and expansion. The existing infrastructure provides a solid foundation for future development, with ample space to add additional RV spaces and further increase revenue streams. The asking price is $2,250,000.

Location Insight

City

LaCygne

County

Linn

State

Kansas

Longitude

-94.683

Latitude

38.3453