Investment Overview

Pine Ridge RV Park is a 60-site RV community located in Ruidoso, New Mexico. It includes 52 RV sites, two mobile home lot rentals, and six park models on lot rent. The amenities include cable, Wi-Fi, restrooms, showers, a coin operated laundry facility, and a clubhouse. The community operates on city water and sewer and currently pays for all the utilities except the electricity which is billed back for the long-term tenants. Ruidoso has approximately 1.9 million tourists visiting every year. It is also home to seven golf courses and has one of the largest 18-hole golf courses in New Mexico. The Alto and Grindstone lakes offer visitors opportunities for year-round fishing and other water sports. There are many trails for horseback riding and hiking. Other popular tourist attractions nearby include the Inn of the Mountain Gods Casino & Resort and the Ruidoso Downs Horse Racetrack. The community is located right off the major highway U.S. Highway 70 that leads straight through Ruidoso. Pine Ridge RV Park offers a great opportunity for investors with heavy summer season traffic, elevated peak seasonal rates, and an opportunity to raise long term rates. The property is being offered at 8.92 percent cap rate day one and a 11.73 percent pro forma cap rate.