Chino Drive RV Living 3535 W Chino Dr 27 Unité Parc mobile 686 860 $ CAD (25 439 $ CAD/Unité) Golden Valley, AZ 86413

27 space RV Park located in Golden Valley, AZ. This is a value add acquisition for someone looking for a long term investment. Occupancy rates in the area are very high and adding an additional 27 spaces will fill up very quickly. Existing seller note may be transferred to a new qualified buyer!
CapEx completed since 2022:
Demolished all homes that are condemned by the city and/or not legal to live in
Demolished a 3bed 2 bath home on site that was built illegally
Demolished all existing utility poles on site.
Evicted all non paying tenants.
Infrastructure for 14 spaces completed. New sewer, electric and water lines placed underground.
Future CapEx Needed.
Run new plumbing and electric for the additional 13 spaces. Both sewer & water lines to be renewed and run underground
Both 30amp & 50amp will be available to new tenants to connect too.
Complete site work after infrastructure for the 13 spaces is complete.
There are 2 options to move the project forward:
Rent out each space for about $400 a month and let the tenants bring their own RV’s onsite. Tenants will also be responsible for water and electric.
Purchase RV’s or mobile homes to place on site. These can be purchased for $7,000-$10,000 each. Market rents can be increased to $800 a month with the tenants still being responsible for water & electric.
Much more profit and value add when purchasing each home and renting them out!