Scenic RV/MH Park Investment Opportunity
2330 Lake Morena Drive, Campo, CA
$3,100,000
Price
10.32%
EST Market CAP Rate
11.56 acres
Lot Area
Overview
Description
Commercial Asset Advisors is pleased to present this unique opportunity to acquire a 41-site RV park across 11.56 Acres, located in the charming Morena Village. The park consists of 2 park-owned RV’s, 2 park-owned mobile homes, 1 tenant owned mobile home, and multiple community buildings including a library, common room, bathrooms, and laundry facilities. The Park is on city water and has two wells which are used for irrigation. Ownership has a large, fully paid off solar array which produces more than enough power for the whole park.
The park’s plumbing consists of 8 septic tanks which were pumped within the last year. The main electrical panel was recently upgraded to 400 amps and all stalls are separately sub metered. The park is conveniently situated half a mile from the fire station and has one fire hydrant.
Lake Morena RV Park is known for its large, campground style spaces, a scenic getaway for short term renters as well as a tranquil haven for some residents to call home. The park boasts excellent reviews on Google, Yelp, and other popular sites, with residents highlighting the well-maintained facilities, friendly staff, and scenic beauty
Morena Village is a small town located off the Interstate-8 freeway. The town is known for its familyowned businesses and its outdoor activities surrounding Lake Morena. Morena Village is a hub for campers and vacationers looking for a scenic getaway