NCE National Council of Exchangors
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National Council of Exchangors

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Offering Memorandum

CONTROL: Exclusive VALUE: $4,125,000
    LOAN: $1,630,000
    EQUITY: $2,495,000
TITLE: KOA KAMPGROUND IN BUTTE MONTANA
TYPE OF PROPERTY: Mobile Home/RV
HAVE: 121 space RV Park (30 are tent sites) on 10 acres at I-90 and I-15 in Butte Montana with cabins, restaurant, and the best location in town.
WEBSITE ADDRESS:
PARCEL#:    
CITY, STATE: Butte, MT COUNTY:
BENEFITS TO NEW OWNER: Own a profitable RV Park with a great location, business increasing each year, in a growing community between Glacier and Yellowstone National Parks.
GROSS SCHEDULED INCOME: $1,200,000    Actual
VACANCY LOSS: $550,000
GROSS EFFECTIVE INCOME: $650,000
EXPENSES: $330,000
NOI: $320,000
DEBT SERVICE: $127,200
CASH FLOW: $192,800
CAP RATE: 7.76%
ENCUMBRANCES: BALANCE: PAYMENT: RATE: DUE: ASSUMABLE:
LOAN 1: $1,630,000 $10,600 4.75% 2039 N
LOAN 2:      
BENEFITS SOUGHT: Ready to move on. Will look at more parks, or just about anything passive.
CAN ADD: He has some other real estate but this is the one he is moving now. Will add a signature and some cash.
REMARKS: New client with good inventory looking to learn the formulas and move up. Not area bound. Wants passive income. Only wants a job if his managers can do the work for him.
COUNSELOR: Blake Allen, EMS, CCIM
Allen Realty
108 Canon Ave
Manitou Springs, CO 80829
Phone: (719) 685-0707
Cell: (719) 684-4123
Fax: (719) 685-0400
blakeallenrealty@gmail.com
 
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