Ennis RV Village

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15 Geyser St, Ennis , MT 59729
Ennis RV Village
The subject property is located at 15 Geyser Street, Ennis, MT 59729, doing business as Ennis RV Village. Situated on a total of 36.18 acres, the property was originally constructed in 1999 as a 55-space park and later expanded to include a clubhouse facility and general store in 2005. In 2008, the park was so successful that it expanded to 90 sites and again, due to strong demand, further developed in 2016 to have 112 sites. There are 98 full utility hook-up RV spaces and 14 pull-thru partial hook-up sites with water and electric for a total of 112 sites today. All spaces have 50-amp power, except for 3 that have 30-amp power. The park has been well-cared for, and features highly-rated guest facilities including first-in-class bathrooms, on-site laundry for guests, and two clubhouses. Roads are gravel, with well-maintained landscaping and great curb appeal. The asset offers varying ranges of views throughout the park, with more premier spaces overlooking the Madison Valley and surrounding Madison Mountains. Currently, the owner self-manages, and does not operate the park on a web-based reservation and fulfillment system. Reservations are taken over the phone and entered into a calendar manually. The park does have a website, but does not offer online reservations. The asset is currently grandfathered in its current use as a RV park with additional development potential. There are approximately 5 acres of land that are suitable for development, which could allow up to 25 additional spaces per acre. The park is only operated during peak season 7-months of the year, from April to October, with guests mostly consisting of long-term RV renters. The park is serviced by well water and septic. There are 18 on-site storage units that the current owner uses for some residents, and charges $20 - $25 per storage unit for. This provides for additional upside for a new owner to increase the lease fee to market rates. Currently, lease rates are substantially below-market RV rates compared to similar properties in the market, and electricity for monthly guest is not being recaptured. The park has had limited advertising, mostly through referrals with travel agents, GoodSam, and various RV travel books. This provides an incredible opportunity for a new owner to purchase the park and implement an automatic web-based service application with dynamic pricing, shifting from long-term renters towards transient use and realizing a tremendous increase in cash-flow. In addition to the web-based application, the property would benefit from modernized advertising methods including social media, and/or advertising in other publications. Additionally, a new owner can improve the property to command additional upside. This could include billing monthly tenants for electricity, paving roads, winterizing the property to operate year-round. Other opportunities include taking advantage of the large lot size by adding recreation such as a pool/hot tub; the addition of a playground, basketball, horseshoes, or walking trails; expanding the park to include more RV sites, yurts, or cabins; and much more. Featuring well-below-market RV lease rates, antiquated reservation style, the ability to further develop the park, potentially operating the park year-round, and more, creates a generational opportunity for an investor. This offering is ideal for a savvy operator to purchase property and implement their own modernized vision and process for immediate increase in cash-flow and long-term growth and sustainability. An investor is presented with the chance to dramatically increase RV rates, increase transient occupancy, and strengthen park operations cash-flow while leveraging the latest technology to streamline management.
Robert Nisbet
Broker (Manufactured Housing)
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Rand Hoffman
Broker (Manufactured Housing)
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Tyson Cross
Director, Manufactured Housing
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