RV Storage LOT!! Denver/CO Springs Area- 150 lots - $1.25M

[Phillip Bicker]

My business partner and I have an RV lot off of I-25 with about 4 acres and 150 lots (currently 100% occupied - think easy rent raise) under contract. If we cannot secure debt financing for ourselves, we are looking for an investor to wholesale this to for $1.25M. This is conservatively selling at a 6% cap (NOI is higher than $75k but a good starting point). About 20 lots can be added and other potential value add opportunities. Increase rents 20%, add 20 lots and you are looking at $32k more per year - equating to a a $540,000 value add at 6%!! Call/Text 303-250-5090.