RV Park/Campground Details
- Purchase Method: Cash, New Loan
- Cap Rate: 5.3% (Actual)
- Listing ID: 6430984
- Posted On: Jun 26, 2024
- Updated On: May 6, 2025
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
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 |