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

418 Old River Rd Kingston, ID 83839

8.65 ac lot
Entity Owned 7-yr Hold
Property ID
US27-0069658
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Mobile home & RV parks
Lot 8.65 ac (376,794 SF)
UPID US27-0069658
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
The Worsts LLC · 7 yrs held
The Worsts LLC
since 2019
1 recorded transaction
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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