Desert Oasis 3535 W Chino Dr

29 space RV Park located in Golden Valley, AZ. This is a value add acquisition for someone looking for a long term investment. Occupancy rates in the area are very high and adding an additional 29 spaces will fill up very quickly. Please see attached plans submitted to the county for approval. Currently 3 tenants are paying and 1 site is occupied by the property manager. Existing seller note may be transferred to a new qualified buyer!
CapEx completed since 2022:
Demolished all homes that are condemned by the city and/or not legal to live in
Demolished a 3bed 2 bath home on site that was built illegally
Demolished all existing utility poles on site.
Made repairs to existing utilities (both plumbing & electric) so that city can allow for 3 tenants to stay onsite. This also ensures no hazardous wiring is present and all leaks from water and sewer lines were repaired.
Evicted all non paying tenants.
Future CapEx Needed.
Run new plumbing. Both sewer & water lines to be renewed and run underground
Run brand new electric to each of the 29 spaces. Both 30amp & 50amp will be available to new tenants to connect too.
Install 2 new septic tanks to support all the spaces.
Install gravel after utilities are approved by the county based on the new layout.
There are 2 options to move the project forward:
Rent out each space for about $400 a month and let the tenants bring their own RV’s onsite. Tenants will also be responsible for water and electric.
Purchase RV’s or mobile homes to place on site. These can be purchased for $7,000-$10,000 each. Market rents can be increased to $800 a month with the tenants still being responsible for water & electric.
Much more profit and value add when purchasing each home and renting them out!