46443 Westfir Rd - Casey's Riverside RV Park
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46443 Westfir Rd - Casey's Riverside RV Park
5,040 SF Speciality Building Offered at £4,239,935 at a 8.25% Net Initial Yield in Westfir, OR 97492
Investment Highlights
- Trophy RV Park - 78 Total Units
- All Long Term Rentals Are Tenant Owned
- 56 Short-Term Units, 21 Long-Term Units and 2 Vacation/Airbnb Rentals
- 8.25% Cap Rate
Executive Summary
Offering a prime investment opportunity, CASEY'S RIVERSIDE RV PARK located at 46443 Westfir Road, Westfir, Oregon 97492 is a premier riverfront RV resort and mobile home park nestled on 1,200 feet of picturesque river frontage. Boasting 56 RV spaces, 21 long-term mobile home/RV spaces, and 2 vacation rentals, this turn-key property is ripe for increased revenue streams with below-market RV space rents. This tranquil retreat offers full-site hook-ups, two on-site shower/laundry facilities, a lodge/meeting hall, and various guest amenities. Strategically situated near the Willamette National Forest, guests have easy access to outdoor activities, making it a sought-after destination. The property's level RV spaces, big rig accessibility, and lush surroundings create an inviting atmosphere. Amenities include a club house, pavilions with fire pits, seasonal pool, and river access. Don't miss this opportunity to own CASEY'S RIVERSIDE RV PARK - a gem perfect for savvy investors looking to capitalize on the booming RV tourism industry.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£525,742
|
£104.31
|
| Other Income |
£33,017
|
£6.55
|
| Vacancy Loss |
£26,287
|
£5.22
|
| Effective Gross Income |
£532,472
|
£105.65
|
| Taxes |
£12,510
|
£2.48
|
| Operating Expenses |
£165,030
|
£32.74
|
| Total Expenses |
£177,540
|
£35.23
|
| Net Operating Income |
£354,932
|
£70.42
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £525,742 |
| Annual Per SF | £104.31 |
| Other Income | |
|---|---|
| Annual | £33,017 |
| Annual Per SF | £6.55 |
| Vacancy Loss | |
|---|---|
| Annual | £26,287 |
| Annual Per SF | £5.22 |
| Effective Gross Income | |
|---|---|
| Annual | £532,472 |
| Annual Per SF | £105.65 |
| Taxes | |
|---|---|
| Annual | £12,510 |
| Annual Per SF | £2.48 |
| Operating Expenses | |
|---|---|
| Annual | £165,030 |
| Annual Per SF | £32.74 |
| Total Expenses | |
|---|---|
| Annual | £177,540 |
| Annual Per SF | £35.23 |
| Net Operating Income | |
|---|---|
| Annual | £354,932 |
| Annual Per SF | £70.42 |
Property Facts Under Contract
| Price | £4,239,935 | Building Class | C |
| Price Per SF | £841 | Lot Size | 10.13 AC |
| Sale Type | Investment | Building Size | 5,040 SF |
| Net Initial Yield | 8.25% | Number of Floors | 1 |
| Property Type | Speciality | Year Built | 1999 |
| Property Subtype | Trailer/Camper Park |
| Price | £4,239,935 |
| Price Per SF | £841 |
| Sale Type | Investment |
| Net Initial Yield | 8.25% |
| Property Type | Speciality |
| Property Subtype | Trailer/Camper Park |
| Building Class | C |
| Lot Size | 10.13 AC |
| Building Size | 5,040 SF |
| Number of Floors | 1 |
| Year Built | 1999 |
Amenities
- Waterfront
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zoning
| Zoning Code | RR5 (RR5/CAS. Map & Taxlot#21-25-12-00-00500 and Map & Taxlot#21-25-12-00501) |
| RR5 (RR5/CAS. Map & Taxlot#21-25-12-00-00500 and Map & Taxlot#21-25-12-00501) |
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46443 Westfir Rd - Casey's Riverside RV Park
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