Wholesaling
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
campground
I know this is a far fetched dream probably but just going to throw the idea out here and see what everyone thinks....I have no where near done enough research but also know I'm not trying to offer anything tomorrow either....There is a campground for sale near me for 795,000 this includes 350 acres five already established a frames, 3 cabins, a shower house, 2 wells on property, 3-4 program buildings, pavillions, a 10,000 square foot horse arena, a stable barn, two ponds, farmland, and a farm house and a house built in 2003 along with a large 4000 sq foot "community building." trails are made through the woods for vehicle/atvs as well. electric and gas is readily availabe and already in three of the buildings along with sewer. So....hear me out....the price most likely would be able to be haggled down a bit since its been on the market more than a year. There is room fro AT LEAST 100 campsites this being just counting rv and tent sites.....set the price at 25/night (lower than any other ground in the area). with of the sites being full at any given time....that would make you 224,000 in four months of summer. not counting any cabins (the 5 a frames already there) and any other cabins you decide to add and if theres is room for more campsites and also weekends like memorial day or fourth of july. add the farm house that could be rented out. add that i would live on the property in the brand new house. add the community building that could be rented out for events. add a camp store if you wish.
Good investment opportunity (again if the bank would even dream of approving and I got the 80,000 or so down payment if not more since its an investment) or not???