For Sale
$5,290,000

46443 Westfir RdWestfir, OR 97492

High-yield RV park, prime location

Overview

Added:
Dec 11, 2024
Days on market:
114
Casey's Riverside RV Park, located at 46443 Westfir Rd, Westfir, OR 97492, presents a compelling investment opportunity. This established Class B mobile home park and RV resort boasts 79 total units, comprising 56 RV spaces and 21 long-term mobile home/RV spaces, plus two vacation rentals. Situated on 10.13 acres with 1,200 feet of picturesque river frontage near the Willamette National Forest, the park enjoys a highly desirable location. The property features full hookups for all RV spaces, two on-site laundry and shower facilities, a lodge, a seasonal pool, and direct river access. Additional amenities include pavilions with fire pits. Built in 1999 and renovated in 2002, the park is currently operating as a turnkey business with no deferred maintenance. Financial records show a strong NOI of $436,533, resulting in an attractive 8.25% cap rate. Annual property taxes are $15,943.91. There is an existing $1,900,000 deed of trust with Banner Bank. The park's below-market RV space rents offer significant potential for revenue growth. The property is zoned RR5. The APN is 0945590. This is an exceptional opportunity for investors seeking a high-performing asset in a stunning natural setting.

Highlights

  • Casey's Riverside RV Park, a Class B mobile home park in Westfir, Oregon, offers 1,200 feet of Willamette River frontage near the Willamette National Forest.
  • The 10.13-acre property (APN 0945590) features 79 total units: 56 RV spaces, 21 long-term spaces, and 2 vacation rentals. Amenities include full hookups, laundry facilities, a lodge, a pool, and river access.
  • Strong financials include an $436,533 NOI, an 8.25% cap rate, and annual property taxes of $15,943.91. A $1,900,000 deed of trust exists with Banner Bank.
  • This turn-key property presents significant growth potential due to below-market RV rents. 24-hour notice is required for all showings.
  • Asking price is $5,290,000.

Property Details for 46443 Westfir Rd

Property type
Mobile home & RV parks
Class
B
Year Built/Renovated
1999/2002
Lot Size (sq. ft)
441,263 SF
Units
79

Location Insight

City
Westfir
County
Lane
State
Oregon
Latitude
43.7571585
Longitude
-122.5286585
46443 Westfir Rd, Westfir, Oregon

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
46443 Westfir Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message