46443 Westfir Rd - Casey's Riverside RV Park
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46443 Westfir Rd - Casey's Riverside RV Park
5,040 SF Specialty Building Offered at $5,290,000 at a 8.25% Cap Rate 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 |
$646,614
|
$128.30
|
| Other Income |
$40,608
|
$8.06
|
| Vacancy Loss |
$32,331
|
$6.41
|
| Effective Gross Income |
$654,891
|
$129.94
|
| Taxes |
$15,386
|
$3.05
|
| Operating Expenses |
$202,972
|
$40.27
|
| Total Expenses |
$218,358
|
$43.33
|
| Net Operating Income |
$436,533
|
$86.61
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $646,614 |
| Annual Per SF | $128.30 |
| Other Income | |
|---|---|
| Annual | $40,608 |
| Annual Per SF | $8.06 |
| Vacancy Loss | |
|---|---|
| Annual | $32,331 |
| Annual Per SF | $6.41 |
| Effective Gross Income | |
|---|---|
| Annual | $654,891 |
| Annual Per SF | $129.94 |
| Taxes | |
|---|---|
| Annual | $15,386 |
| Annual Per SF | $3.05 |
| Operating Expenses | |
|---|---|
| Annual | $202,972 |
| Annual Per SF | $40.27 |
| Total Expenses | |
|---|---|
| Annual | $218,358 |
| Annual Per SF | $43.33 |
| Net Operating Income | |
|---|---|
| Annual | $436,533 |
| Annual Per SF | $86.61 |
Property Facts Under Contract
| Price | $5,290,000 | Building Class | C |
| Price Per SF | $1,050 | Lot Size | 10.13 AC |
| Sale Type | Investment | Building Size | 5,040 SF |
| Cap Rate | 8.25% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1999 |
| Property Subtype | Trailer/Camper Park |
| Price | $5,290,000 |
| Price Per SF | $1,050 |
| Sale Type | Investment |
| Cap Rate | 8.25% |
| Property Type | Specialty |
| Property Subtype | Trailer/Camper Park |
| Building Class | C |
| Lot Size | 10.13 AC |
| Building Size | 5,040 SF |
| No. Stories | 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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