RV Park Near Roosevelt, UT

FOR
NAI Utah South
SALE
is pleased to offer the following exclusive listing:
RV Park Near Roosevelt, UT
126 N Union St | Ballard, UT 84066
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54 Operable spaces are Usually 95% Occupied
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Rent was $325/mo and Increased to $375/mo Recently
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with a Waiting List
The City has Approved the Development of Up To At Least
68 Spaces with a Potential for Up To 77 (Pending Approval)
The Park is Located Directly Behind the Maverick Gas
Station in Ballard, Utah
54 Spaces
$ 1,100,000
$ 990,000
RV Park Currently Has On-Site Manager
Owners are Absentee
Link to Map - http://tinyurl.com/ad892nz
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Neil Walter
direct 435 627 5720
office 435 628 1609
fax 435 627 5744
email [email protected]
243 E St George Blvd Suite 200 | St George UT | office 435 628 1609 | toll free 888 316 1609 | www.naiutahsouth.com
© 2012 NAI Utah Southern Region. The information contained herein has been provided by sources deemed reliable, with no reason to doubt its accuracy, but is not guaranteed. All information should be verified prior to purchase or lease.
NAI# 6835
Site Plan
RV Park Near Roosevelt, Utah
Photos & Information
RV Park Near Roosevelt, Utah
Property Address
126 North Union Street
City, State, Zip
County
Acres
Ballard, Utah 84066
Uintah County
4.3 Acres. Buyer to verify
Use
Operable Spaces
Approved Expansion
Feasible Expansion
RV Park. No mobile home untits
54 spaces
68 spaces total
77 spaces total, subject to city approval
Monthly Rental Rate
Separate Meters
$375/month (recently increased from $325). Includes utilities
No, but pedestal meters could be installed for $25,000
Ask Price
$1,100,000
Potential Monthly Income
Potential Annual Income
Actual 2012 Income
Actual 2012 NOI
Proforma Income
Proforma NOI
Proforma CAP Rate
$20,250
$243,000
$203,033
$102,540
$229,000
$149,000
13.5%
The Ballard RV Park is a clean, well laid out RV Park consisting of 54 spaces that accommodates every size of RV. The park is primarily occupied on a monthly basis by individuals working
in the oil fields in the Uintah Basin.
Ballard, Utah is located just east of Roosevelt on Highway 191 just behind the Maverik gas station. Roosevelt and Vernal are in the heart of the oil industry in the State of Utah.
The current owners increased the rent from $325 to $375 in 2012. Other RV Parks in nearby
Vernal charge $400 per month plus utilities. Currently the property is operated by an onsite
manager and a property management company.
Location Map
RV Park Near Roosevelt, Utah
• Click HERE for an Interactive Map