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Apartments / Laundry
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Apartments / Laundry

Contact Information

RV Park/Campground Details

  • Price: $1,995,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 5.3%
  • Listing ID: 6430984
  • Posted On: Jun 26, 2024
  • Updated On: Jun 26, 2024

Description

Rare opportunity to buy an RV park in Talent. The Wagner Creek RV park is located on South Pacific Highway, just a short drive to I5 and just 10 minutes from Ashland. Formerly a mobile home park that was destroyed in the Almeda fire. The infrastructure was re-built so everything is new and the use changed to an RV park. Park currently has 27 spaces and 2 additional apartment rentals in the frame building. Spaces are oversize because they were designed for mobile homes so there is upside potential to add more RV spaces by re-arranging the park lay out. Park has a small coin-op laundry for additional income. Public sewer and water. Individual utilities are billed back to the tenants. Current Cap rate is 5.28% and with a small expansion (5 extra spaces) it could rise to 8.5%. See attached income and expense report and financial measures report.

Location

Located on Hwy 99 in Southern Oregon

Amenities

  • Laundromat
Interested in purchasing this RV park? Get pre-qualified for a loan.

Park Information

Number of RV Lots: 27
Average RV Lot Rent: $500
Size: 2.3 acre(s)

Financial Information (Actual)

Gross Income: $157,048
Operating Expense: $51,176
Net Operating Income: $105,275
Expense Ratio: 32.6 %

Utility Information

Water: City
Sewer: City

Download Documents

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