Red Rock and OK RV Park is comprised of 142 total sites (70 MH and 72 RV) on two adjoining parcels. The parks are serviced by city water and sewer and have wide paved roads maintained by the city. The infrastructure has been upgraded over the years and the property needed a capital infusion to increase MH occupancy and drive RV traffic via updated and aggressive advertising campaign. The rents were significantly below the market average at time of sale and several homes requiring rehab were included in the sale. Vacancy was high for the market due to unsold homes. The sale was financed by a local bank with attractive terms. The buyer is an experienced MH/RV operator in Arizona with other properties in Northern Arizona.
