The RV park, consisting of 56 pads with rental rates up to $450 a month, provides a consistent and reliable income stream when managed correctly.
Diversification of income sources, including a house rental at $1000 a month and an additional revenue stream from a coin-operated laundry generating approximately $1500 a month, contributes to financial stability.
Strategically located near Blue River in Tishomingo, Oklahoma, the RV park benefits from the town's growth, particularly as the Cultural Capital of the Chickasaw Tribe of Oklahoma.
The cultural significance and the overall growth in the area enhance the property's value and potential for increased demand.
The town's status as the Cultural Capital of the Chickasaw Tribe adds cultural and historical appeal to the region, attracting visitors and potentially increasing demand for RV accommodations.
As Tishomingo experiences growth, the RV park is well-positioned to capitalize on the trend of increased tourism and outdoor recreation, aligning with the broader market trends favoring RV travel.
The property's revenue diversity, including income from RV pad leases, house rental, and coin-operated laundry, mitigates risks associated with reliance on a single income stream.
With the town's ongoing growth, there may be opportunities for further development, expansion, or property improvements, offering potential for increased income and property value appreciation.
About the Area
Chickasaw National Capitol: Located in Tishomingo itself, the Chickasaw National Capitol is a historic site that served as the capital of the Chickasaw Nation. Visitors can explore the Capitol building and its grounds to learn about the history of the Chickasaw people.
Blue River: A scenic river that runs near Tishomingo, Blue River is known for its clear waters and offers opportunities for outdoor activities such as fishing, canoeing, and hiking.
Tishomingo National Wildlife Refuge: the Tishomingo National Wildlife Refuge is within proximity, offering a diverse habitat for wildlife and recreational activities like birdwatching and hiking.
Pennington Creek Park: Pennington Creek Park is a popular spot for picnics and outdoor gatherings. The park features green spaces, walking trails, and a creek, providing a peaceful setting for relaxation.
Raymond Gary State Park: Located about 30 minutes southwest of Tishomingo, this state park offers a variety of recreational activities, including hiking, fishing, and boating.
Veterans Lake: Situated south of Tishomingo, Veterans Lake is a reservoir known for its fishing opportunities. The lake is surrounded by scenic landscapes and offers a tranquil environment for visitors.
Historic Downtown Tishomingo: Discover the delightful downtown ambiance of Tishomingo, featuring historic buildings, local boutiques, and a variety of dining options, including the renowned Ole Red Restaurant and Bar, co-owned by country music star Blake Shelton. This area not only captures the town's cultural heritage but also offers a vibrant atmosphere for leisurely strolls and a chance to savor the unique charm of Historic Downtown Tishomingo.