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RV Park

Mountain RV Park

26514 US-70, Ruidoso Downs, NM 88346

Listing Price: $3,450,000

Cap Rate
8.06%
Number of Spaces
144
Lot Size
12.00 acres
Occupancy
50.0%
Price/Space
$23,958
Spaces/Acre
12.00
Year Built
1990

Investment Overview

Mountain RV Park is a 144-site RV community located in Ruidoso Downs, New Mexico. It includes 140 RV spaces, three park owned homes, a manager home, a one bedroom and one bath apartment, and one storage unit. There are also many trees for privacy and asphalt roads throughout the park. The amenities include Wi-Fi, cable, laundry, showers, an arcade room, gift shop, dog park and an exercise room. The community operates on well water and city sewer, however city water is currently being installed into the park and will be completed in November. The utilities are currently paid by the community except for the electricity which is billed back to the tenants. The city of Ruidoso Downs is known for its famous Ruidoso Downs Race Track and Casino which offers live horse races. Ruidoso Downs also offers its visitors and residents attractions including the Inn of the Mountain Gods Resort, Hubbard Museum of the American West, Lincoln National Forest, Billy the Kid Casino and the Noisy Water Winery. Residents and visitors also have access to the popular Ski Apache Resort on the Sierra Blanca mountains. The asset is located right off the major highway US Highway 70 that runs straight through the city. It is also just 30 minutes from the Sierra Blanca Regional Airport. Mountain RV Park is one of two parks that is open all year round which shows an upside to filling in the yearly spaces of the park. Mountain RV Park is being offered at a day one capitalization rate of 8.58 percent and a pro forma capitalization rate of 10.83 percent.

Investment Highlights

  • Offered at 8.58% Day One Cap Rate
  • Located Off Major Highway US Highway 70
  • Operates on Well Water and City Sewer
  • City Water Connected By End of 2021
  • High Barrier to Entry Market

Exclusively Listed By

Broker of Record

  • Matt Reeves

    Senior Associate

    (505) 445-6333

    License(s) NM: 19583

    New Mexico

Listing Price: $3,450,000

Cap Rate
8.06%
Number of Spaces
144
Lot Size
12.00 acres
Occupancy
50.0%
Price/Space
$23,958
Spaces/Acre
12.00
Year Built
1990

Investment Highlights

  • Offered at 8.58% Day One Cap Rate
  • Located Off Major Highway US Highway 70
  • Operates on Well Water and City Sewer
  • City Water Connected By End of 2021
  • High Barrier to Entry Market

Investment Overview

Mountain RV Park is a 144-site RV community located in Ruidoso Downs, New Mexico. It includes 140 RV spaces, three park owned homes, a manager home, a one bedroom and one bath apartment, and one storage unit. There are also many trees for privacy and asphalt roads throughout the park. The amenities include Wi-Fi, cable, laundry, showers, an arcade room, gift shop, dog park and an exercise room. The community operates on well water and city sewer, however city water is currently being installed into the park and will be completed in November. The utilities are currently paid by the community except for the electricity which is billed back to the tenants. The city of Ruidoso Downs is known for its famous Ruidoso Downs Race Track and Casino which offers live horse races. Ruidoso Downs also offers its visitors and residents attractions including the Inn of the Mountain Gods Resort, Hubbard Museum of the American West, Lincoln National Forest, Billy the Kid Casino and the Noisy Water Winery. Residents and visitors also have access to the popular Ski Apache Resort on the Sierra Blanca mountains. The asset is located right off the major highway US Highway 70 that runs straight through the city. It is also just 30 minutes from the Sierra Blanca Regional Airport. Mountain RV Park is one of two parks that is open all year round which shows an upside to filling in the yearly spaces of the park. Mountain RV Park is being offered at a day one capitalization rate of 8.58 percent and a pro forma capitalization rate of 10.83 percent.

Exclusively Listed By

Broker of Record

  • Matt Reeves

    Senior Associate

    (505) 445-6333

    License(s): NM: 19583

    New Mexico

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