5106 Vestry Rd Perkinston, MS 39573
Elevate Red Creek, a 40-acre RV park in Perkinston, Mississippi, presents a unique investment opportunity. Located on Vestry Road, approximately 30 minutes north of Biloxi, this fee-simple property offers a blend of rural charm and convenient access to the Gulf Coast. The park features three cabins, ranging in size from approximately 508 square feet to 1,000 square feet, all constructed with wood frames on pier foundations in 2014/2015 and currently in good condition. Additionally, there's a 1,200 square foot steel-framed warehouse/storage building on a concrete slab, built in 2014. The property includes four RV pads situated on 17 acres, with an additional 23 acres accessible via ATV. The park is currently listed on VRBO, generating income with minimal operational expenses. The property's layout allows for potential expansion by adding more RV pads or cabins, capitalizing on the existing demand and the ample space available. The property is identified by George County as tax parcel 160929-0-002.03. Built in 2011, this Class B multifamily property offers a compelling investment for both owner-users and corporate expansion. The creekfront location with sandbars provides additional recreational opportunities for guests, enhancing the park's appeal. This turnkey operation is an excellent entry point for first-time park owners or those seeking to expand their portfolio.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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