For Sale
$4,000,000

1062 Cumberland Cove RdMadill, OK 73446

274 Sites, $4M Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity encompasses a 274-site RV park portfolio spanning Oklahoma, Missouri, Arkansas, and Louisiana. Priced at $4,000,000, this represents a significant value-add proposition, well below replacement costs. The portfolio, previously operated under a membership club model, now offers the potential for substantial revenue growth under traditional RV park management. All membership obligations have been terminated, presenting a clean slate for new ownership. The parks are situated on approximately 424 acres of land, with the majority unzoned, offering potential for future development and expansion. Existing management is in place at three of the four parks, providing a smooth transition for the new owner. The seller is also willing to assist with the transition at the remaining park. Historically, occupancy has been below market due to the membership structure, and rates were significantly under market value. This presents a unique opportunity to optimize operations and achieve high double-digit unlevered yields. The portfolio can be purchased as a whole or individually. This is an ideal opportunity for an investor seeking to acquire underperforming assets and reposition them for significant returns. The potential for long-term growth is substantial, with opportunities to add amenities, cabins, and potentially develop additional sites to leverage economies of scale. This portfolio offers a compelling combination of immediate value and significant long-term upside.

Highlights

  • Acquire a 274-site RV park portfolio across four states for $4,000,000, significantly below replacement cost, offering high double-digit unlevered yield potential.
  • Assume ownership of essentially vacant parks, transitioning from a membership club model to traditional RV park operations.
  • Benefit from significantly below-market occupancy and rates due to the prior membership structure, creating immediate upside.
  • Three of the four parks have existing management in place, ensuring a smooth transition; seller assistance available for the remaining park.
  • Long-term value-add potential through site expansion, amenity additions, cabin construction, and operational optimization, leveraging economies of scale.

Property Details for 1062 Cumberland Cove Rd

Property type
Mobile home & RV parks, Campgrounds
Lot Size (sq. ft)
18,469,440 SF
Units
274

Location Insight

City
Madill
County
Marshall
State
Oklahoma
Latitude
34.0599408
Longitude
-96.5839702
1062 Cumberland Cove Rd, Madill, Oklahoma

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1062 Cumberland Cove Rd
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