418 Old River Rd Kingston, ID 83839

Property Details for 418 Old River Rd

Lot size

8.65 lot acres

Property type

Mobile home & RV parks

Property subtype

Campgrounds

Description

This exceptional 70-site RV park, Albert's Landing, presents a compelling investment opportunity. Situated on 8.65 acres along the scenic Coeur d'Alene River in Kingston, Idaho (zip code 83839), this Class B, stabilized multifamily property boasts stunning river views and over 900 feet of private beach access. The park features 69 RV pads and underwent a complete renovation in 2023, including a new bath/shower facility, state-of-the-art septic system, and updated water and electric infrastructure to all sites. The property generates a substantial Net Operating Income (NOI) of $214,023 (pro-forma NOI also $214,023), offering a strong return on investment. The established landscaping, including mature trees and new gravel, enhances the guest experience. Further revenue growth potential exists through improved online marketing, dynamic pricing strategies, and leveraging the premium riverfront sites. Seller financing is available with a 4% interest-only payment plan and a 20% down payment. This turnkey operation presents a rare chance to acquire a high-performing asset in a desirable location. The property's artisan aesthetic and low maintenance costs contribute to its exceptional value. This is a truly unique opportunity to own a trophy asset on the Coeur d'Alene River. The asking price is $3,300,000.