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RV Park

Fireside Cabins & RV

6850 US-34, Loveland, CO 80537

Listing Price: $2,925,000

Cap Rate
5.60%
Number of Spaces
45
Lot Size
3.88 acres
Occupancy
92.5%
Price/Space
$65,000
Spaces/Acre
11.60
Year Built
1946

Investment Overview

Fireside RV Park and Cabins is located at the base of the Rocky Mountains, along Highway 34 on the west side of Loveland, Colorado. It is currently positioned as a long-term stay RV Park, plus 2 apartments and 8 short-term stay studio cottages rented through AirBnB and VRBO. The peak income year for the property was 2019 when it grossed $352,000 of income. Income in 2020 was first hit by COVID-19, which caused many long-term stay RV tenants to leave when their work dried up and ended vacation stays in March through June. In September of 2020, the Cameron Peak Fire (which came near the property and badly impaired the air quality) caused many of the RV tenants to move elsewhere and suppressed demand for AirBnB guests. The RV site income has just rebounded back to normal income levels and the AirBnB income is quite strong now. Brokers are underwriting the property as all long-term stay—transitioning the studio cottages to studio apartments. Brokers feel the highest and best income is attained through renting these units long-term and by doing so, smoothing out your income flow and reducing your operating costs. Additionally, the 2-bedroom upstairs unit, which has been occupied by a manager, will be added to the rental pool. The property is in excellent physical condition with 6 of the 8 cottage studios recently remodeled. The complete septic system is currently being replaced at a cost of approximately $160,000 to ownership.

Investment Highlights

  • The park Has A Quaint 1946-Construction Look, Studio Cottages With RV Spaces In The Background. The Park Is Right At The Foot Of The Rockies, Along Dry Creek and Highway 34.
  • The Median Home Sale Price In Larimer County Is $409,236 and The Median Household Income Is $80,724. The Unemployment Rate for Loveland Is 6.3 percent.
  • Loveland Has Seen A Job Market Increase By 3.5 Percent Over The Last Year and Future Job Growth Over The Next Ten Years Is Projected At 52.1 Percent Growth.
  • Loveland's Current Population Is 79,150 and It Is Projected To Reach Over 100,000 Within The Next Ten Years.
  • There Is A High Quality Of Life With The Millennial Generation Flocking To The Town To Be A Part Of The Growth.

Exclusively Listed By

Financing By

Listing Price: $2,925,000

Cap Rate
5.60%
Number of Spaces
45
Lot Size
3.88 acres
Occupancy
92.5%
Price/Space
$65,000
Spaces/Acre
11.60
Year Built
1946

Investment Highlights

  • The park Has A Quaint 1946-Construction Look, Studio Cottages With RV Spaces In The Background. The Park Is Right At The Foot Of The Rockies, Along Dry Creek and Highway 34.
  • The Median Home Sale Price In Larimer County Is $409,236 and The Median Household Income Is $80,724. The Unemployment Rate for Loveland Is 6.3 percent.
  • Loveland Has Seen A Job Market Increase By 3.5 Percent Over The Last Year and Future Job Growth Over The Next Ten Years Is Projected At 52.1 Percent Growth.
  • Loveland's Current Population Is 79,150 and It Is Projected To Reach Over 100,000 Within The Next Ten Years.
  • There Is A High Quality Of Life With The Millennial Generation Flocking To The Town To Be A Part Of The Growth.

Investment Overview

Fireside RV Park and Cabins is located at the base of the Rocky Mountains, along Highway 34 on the west side of Loveland, Colorado. It is currently positioned as a long-term stay RV Park, plus 2 apartments and 8 short-term stay studio cottages rented through AirBnB and VRBO. The peak income year for the property was 2019 when it grossed $352,000 of income. Income in 2020 was first hit by COVID-19, which caused many long-term stay RV tenants to leave when their work dried up and ended vacation stays in March through June. In September of 2020, the Cameron Peak Fire (which came near the property and badly impaired the air quality) caused many of the RV tenants to move elsewhere and suppressed demand for AirBnB guests. The RV site income has just rebounded back to normal income levels and the AirBnB income is quite strong now. Brokers are underwriting the property as all long-term stay—transitioning the studio cottages to studio apartments. Brokers feel the highest and best income is attained through renting these units long-term and by doing so, smoothing out your income flow and reducing your operating costs. Additionally, the 2-bedroom upstairs unit, which has been occupied by a manager, will be added to the rental pool. The property is in excellent physical condition with 6 of the 8 cottage studios recently remodeled. The complete septic system is currently being replaced at a cost of approximately $160,000 to ownership.

Exclusively Listed By

Financing By

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