This is the opportunity you may have been looking for. For those of you who are educated investors you know finding a good deal is important in this market. With record low interest rates it is difficult to make any money when it sits in the bank. This resort can be a great option if you are serious about making money.
Over the past 5 years the owners have worked hard to turn each RV site into a separate property with its own parcel number. That means there are 150 RV sites and 5 cabins that have been condominiumized with an average cost of $80,000 each. And the best part is, Pioneer Trails is on the market for less than half of that value at $5,475,000. The demand to purchase these has been high, but due to restrictions put in place by the current lender the owners could not sell the lots off separately. This however would not apply if you decide to own this development.
The business that you will own with this purchase is cashflow positive with a great cap rate (contact for details). This is important because while you sell the parcels off over time the business pays the bills and brings you a yield that many institutions wont be able to achieve.
Each RV site is already serviced with water, power, septic, cable, and even wifi. Installing these utilities on a site such as this is extremely cost prohibitive for a new venture, but the hard work has already been done for you. Everything you need is in place, and ready to go. This is a turnkey investment opportunity.
The resort offers communal areas such as playgrounds, a sport court, BBQ areas, and places to gather for meetings, or other events. There are facilities for laundry, propane filling, and concessions in the main office.
With a location just minutes from Deception Pass, Downtown Anacortes, and a short trip to the San Juan Islands you cant beat Pioneer Trails.
Now if you’re interested in taking the next step get in contact with us. We hope that you are the one to make the move.