Acre Holdings, LLC, is arranging for the acquisition of undivided real estate interests in the above property by a limited number of investors. The property consists of 125 acres in Weedsport, NY, of which only 30% have been developed.
There are 362 existing RV sites with expansion plans for more sites, a restaurant, and 24 boat/jet ski slips with room to add another 20. The listing price was $3,199,000 but purchase price was negotiated to $2,800,000.
Acre Holdings is seeking a total investment of $1,025,000 (covers 30% down payment, closing costs, some expansion and renovation). Cash flow distributions are made monthly.
Targeted ROI: 28%
What to keep in mind according to the RV Industry Association: