Crossroads RV Park

Property Description:

New to the market this is a premier RV community located in the growing Bullhead City/NE Arizona submarket where median home prices have risen to $315,000. Crossroads is a large 55+ designated community with solid amenity package including game courts, clubhouse, paved roads, dog run, and large sites especially in the newly developed section of the community. The majority of the park income is derived from American snowbirds mostly from the Upper Midwest and the community has not been affected by COVID as this market does not cater to Canadians as much as Yuma. There are 17 park models in the community and 101 annuals/6+6 tenants which lead to a stable income base for buyer. Local banks are very interested in this sort of product and we are projecting interest rates in the mid-4’s upon acquisition. There will be no seller financing. Residents enjoy activities in the clubhouse, ATV rides, golf (within a mile of three different renowned golf courses) and fishing the Colorado River. The premium and new sites are all 50×100 and the older section (built in 1998) features wide 40’ x 60’ sites so everyone has their own leg room and ability to put in decks or park models. Seller has never implemented a park model sales program, however there are seventeen park models in the community which suggests to Broker that park model sales are viable in this community especially if amenities (pool/pickleball) are added. Other immediate upside plays include online reservation software (park uses e-mail only). Nearby commercial developments within five-minute drive are a Walmart, Target, major grocery store, emergency room hospital, aforementioned golf courses, and Colorado River boating and fishing.

PLEASE DO NOT DISTURB TENANTS OR MANAGEMENT IF VISITING PARK. THEY ARE NOT AWARE PARK IS FOR SALE. PLEASE KEEP CONFIDENTIAL.