55408 Twentynine Palms Hwy, Yucca Valley, California, United States

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Home For Sale

$1,065,000

55408 Twentynine Palms Hwy
Yucca Valley, California, United States

1bd 2ba

Listed By: Realtyww Info

Listed On: 06/13/2023

Listing ID: GL10114517 View More Details

Description

Little Pioneertown RV, strategically located on 29 Palms Hwy en route to Joshua Tree National Park, is the only approved RV Park in Yucca Valley and provides the exclusive opportunity to service an ever increasing flow of RV'ers traveling to Joshua TreeNational Park. This RV Park boasts 17 full-service and generous RV spaces, each with an individual BBQ, picnic table, and shady pine trees. This Park is serviced by City sewer. The common area has services that include laundry, propane grill island, guest restrooms, and showers. In addition to the spacious park office, there is a 700 s.f., 1/1 apartment to serve as either a manager's or owner's quarters. The clubhouse is currently configured as a manager's 3-bedroom apartment. Little Pioneertown RV is the ideal investment for a retiree or owner operator wanting to take over a clean, income producing asset with tremendous upside. An owner-operator would be able to live on site, not having to pay rent elsewhere and not having to pay for management, This could represent a savings in the neighborhood of $45, 000 / year with a savings of $20, 000 for management and another savings of $25, 000 by not having to pay for a rental elsewhere. The park is presently fully occupied, with a majority of the spaces rented to long-term tenants. Although this configuration ensures a stable and dependable income stream, there is the distinct potential for a substantial increase in income by reverting the business model's focus back to short-term rentals.There is also an exciting opportunity to place park models and rent them out as short-term vacation rentals aka 'glamping'! This business model is very successful in similar areas which are close to national parks because of the built-in area attraction.Please call listing agent about the potential for expansion as there may be additional vacant parcels available for purchase that are adjacent to Little Pioneertown RV. The City is open to reviewing plans which include adding on to the existing parkPro forma gross income: $223, 000Pro forma net income: $114, 874Pro forma revenue is based on nightly rentals of $60 and a 60% occupancy rate.Please see Offering memorandum under Documents tab.Please contact broker prior to visiting property.

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Listed by: Century 21 Butler Realty, Inc

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