Updated about 3 years ago on . Most recent reply
RV park in the mountains of East TN for sale or passive income
We have a 10 acre RV park in the mountains of East TN if a very popular golfing area. The park generated close to $150k in gross rent last year with around $80k in net but has had a mostly absentee owner so the park is under preforming. The park is currently 41 pads but has lots of room to expand or add amenities. There is lots of value add to the park.
Willing to either sell the park (or assign it) or if someone is looking for a passive investment we are willing to set up a syndicate and our company will operate it. We do have experience and our office is about an hour from the property. Priced in the high $500k range (depending on if it is assigned or we close).