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329 Rice Ln - Rice lane Camp Ground 1,792 SF Specialty Building Offered at $865,594 CAD at a 8.61% Cap Rate in Springville, TN 38256
Investment Highlights
- Usable all year round
- Minutes from several boat docks
- Has long term tenants in place. M2M
- Instant cash flow
Executive Summary
Income-generating campground property located in an unincorporated area just minutes from multiple boat ramps. The property features one double-wide mobile home, three cabins, four designated RV/camping sites, a bathhouse, and a laundry building equipped with three washers and three dryers. Additional improvements include a storage shed and a garage shed. The property is leased year-round, offering steady income and an excellent opportunity for investors seeking a turnkey recreational rental property.
***Financials will be provided upon receipt of Letter of Intent***
***Financials will be provided upon receipt of Letter of Intent***
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$87,956
|
$49.08
|
| Other Income |
$6,701
|
$3.74
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$94,657
|
$52.82
|
| Taxes |
$977
|
$0.55
|
| Operating Expenses |
$19,127
|
$10.67
|
| Total Expenses |
$20,104
|
$11.22
|
| Net Operating Income |
$74,553
|
$41.60
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $87,956 |
| Annual Per SF | $49.08 |
| Other Income (CAD) | |
|---|---|
| Annual | $6,701 |
| Annual Per SF | $3.74 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $94,657 |
| Annual Per SF | $52.82 |
| Taxes (CAD) | |
|---|---|
| Annual | $977 |
| Annual Per SF | $0.55 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $19,127 |
| Annual Per SF | $10.67 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $20,104 |
| Annual Per SF | $11.22 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $74,553 |
| Annual Per SF | $41.60 |
Property Facts
| Price | $865,594 CAD | Building Class | C |
| Price Per SF | $483.03 CAD | Lot Size | 2.09 AC |
| Sale Type | Investment | Building Size | 1,792 SF |
| Cap Rate | 8.61% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2010 |
| Property Subtype | Trailer/Camper Park | Opportunity Zone |
Yes
|
| Zoning | Residential | ||
| Price | $865,594 CAD |
| Price Per SF | $483.03 CAD |
| Sale Type | Investment |
| Cap Rate | 8.61% |
| Property Type | Specialty |
| Property Subtype | Trailer/Camper Park |
| Building Class | C |
| Lot Size | 2.09 AC |
| Building Size | 1,792 SF |
| No. Stories | 1 |
| Year Built | 2010 |
| Opportunity Zone |
Yes |
| Zoning | Residential |
1 1
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 047-043.01 | Total Assessment | $57,764 CAD |
| Land Assessment | $10,296 CAD | Annual Taxes | $977 CAD ($0.55 CAD/SF) |
| Improvements Assessment | $47,468 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
047-043.01
Land Assessment
$10,296 CAD
Improvements Assessment
$47,468 CAD
Total Assessment
$57,764 CAD
Annual Taxes
$977 CAD ($0.55 CAD/SF)
Tax Year
2025
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329 Rice Ln - Rice lane Camp Ground
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