TITLE:
Riverside Cabins RV Sites Resort
CONTROL:
Exclusive
VALUE:
$3,600,000
LOAN:
$1,050,000
EQUITY:
$2,550,000
TYPE:
Resort Property
HAVE:
Resort Property- 18 Cabins, 81 RV Sites, 13 Tent Sites, Convenience Store, Restaurant, Bar- on a beautiful river side location in Northern Colorado. 8 acres along the river with an additional 22 acres adjacent off river.
ADDRESS:
Poudre Canyon Road (Hwy 14), Bellvue, Colorado
BENEFITS TO NEW OWNER:
Well located resort property with a solid reputation. Multiple income streams and great appeal for the resort property owner/ investor. Regular, loyal customer base plus a great location for weddings and other family or corporate events.
GROSS SCHEDULED INCOME:
$1,545,000 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$1,545,000
EXPENSES:
$1,210,500
NOI:
$334,500
DEBT SERVICE:
$65,000
CASH FLOW:
$269,500
CAP RATE:
9.29%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$1,050,000
$5,500
6%
11/30/2030
No
BENEFITS SOUGHT:
These owners will be looking for a 1031 investment up-leg.
CAN ADD:
Condo in Florida
2 RV's- Jayco '89; Dutchman '95
REMARKS:
It's very difficult to find this quality of resort property with such a solid location, reputation, income in place, etc. Additional income is possible via restaurant, event business, off season, 23 acres...
COUNSELOR:
Ross Fellenstein
Commercial West Real Estate Inc.
14143 Denver West Parkway, Ste. 100
Golden, Colorado, 80401
