Presenting . . .

BIG RIVER RV PARK1 4 1 5 J E F F E R S O N AV E N U E

B R I D G E P O R T, WA

F O R M O R E I N F O R M AT I O N C O N TA C T:

TA M M I E TO M - F R EEMA N

V E N T U R E R EA L E S TAT E G R O U P

( 4 2 5 ) 8 3 5 - 2 3 0 4

TA M M I E @ V R E G .C O

Property Description – Big River RV Park

Location, location, location next to Beautiful Columbia River! PRICED TO SELL $375K!! Ideal for first time investor/owner! Great mini-RV park with (6) RV spots and five hookups along the beautiful Columbia River bank. Below market rent. CAP 4.9% with plans to increase rent by $50-100/mo in March. Proforma CAP 6.3% with NOI $23.6K. Current long-term tenants (1-3 years) employed at Chief Joseph Dam. Very low maintenance. Ability to manage from long distance. Great salmon fishing, Gamble Sands GC and much more close by! Sold “as is” with 45-days or less closing.

*** Available parcel 14,810 sf (1/3 acre) across the street @ 1414 Jefferson Ave. With a 1,500 sf Quonset hut & opportunity to develop. Multiple land use opportunities. Don't miss out on this rare investment!

Bridgeport is a growing and developing small town with majority of employees working at Chief Joseph Dam. There is Gable Sands Golf Course near by, salmon fishing at the bottom of the Dam and also an Eaglenestlocated across the Columbia River. Just 45 minutes NE of Chelan. Brewster is 15 minutes away.

Property Photos -1415 Jefferson Ave (RV Park -6)1414 Jefferson Ave (Land – Development Opportunity)

Location map

Google Maps

Investment DetailsProforma Analysis: 1415 Jefferson Ave, Bridgeport 98813Location: BridgeportList Price: $375,000Unit Count: 6Size (sq footage): 19,166Parcels: 00206100001

GI: $25,200 / Proforma $30,600Expenses: $6,984 / $6,984NOI: $18,216 / $23,616

Current CAP: 4.9%Current GRM: 14.8Proforma CAP: 6.3%Proforma GRM: 12.2* The calculations and data presented are deemed to be accurate, but not guaranteed. They are intended for the purpose of illustrative projections and analysis. The information provided is not intended to replace or serve as substitute for any legal, accounting, investment, real estate, tax or other professional advice, consultation or service. The user of this software should consult with a professional in the respective legal, accounting, tax or other professional area before making any decisions.

Location Bridgeport List PriceUnit Count 6Size (sq footage) 2,800Size (sq footage) listed 19,166 Down PaymentParcel #: 00206100001 Current CAP

Current GRMProforma CAPProforma GRM

Monthly Schedule Income

Unit Type SizeActual Rent

Proforma Rent

Actual Price Per

FootMarket

PPF1 RV Space 2800 $350 $425 8.00$ 6.59$ 2 RV Space 2800 $350 $425 8.00$ 6.59$ 3 RV Space 2800 $350 $425 8.00$ 6.59$ 4 RV Space 2800 $350 $425 8.00$ 6.59$ 5 RV Space 2800 $350 $425 8.00$ 6.59$ 6 RV Space 2800 $350 $425 8.00$ 6.59$

Monthly Scheduled Income $2,100 $2,550Utility Bill-BackTotal Other Income -$ Total Yearly Income 25,200.00$ 30,600.00$ Annualized Operating Data

Current ProformaScheduled Gross Income 25,200$ 30,600$ Loss to Gain/Lease -$ -$ Less Vacancy 0%Gross Operating Income 25,200$ 30,600$ Less Expenses 6,984$ 6,984$ Net Operating Income (NOI) 18,216$ 23,616$ Annual Debt Service 15,336$ 15,336$ Cash Flow 2,880$ 8,280$ Debt Service Ratio 1.19 1.54 Annualized Operating ExpensesTaxes 1,362.00$ 1,286.00$ Insurance 526.00$ 642.60$ Utilities 3,396.00$ 4,131.00$ Landscaping 1,700.00$ 2,345.00$ Property Management -$ -$

Total Expenses 6,984.00$ 8,404.60$

Proforma Analysis: 1415 Jefferson Avenue, Bridgeport, WA 98813$375,000

75,000$ 4.86%14.88

6.30%12.25

Rent Roll (Actual/Rent Increase)

Tour the Chief Joseph Dam

Enjoy beautiful views of the Columbia River and hills

View the Eaglesnet across the river

Take in 9 or 18 holes at Gamble Sands Golf Course

Check out the Apple & Cherry orchards short distance away