Courtesy of: Steven W Parmelee, Windermere Van Vleet & Assoc2, realtor007@windermere.com
Courtesy of: Steven W Parmelee, Windermere Van Vleet & Assoc2, realtor007@windermere.com
$1,995,000
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Lot: 2.28 Acres
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Other
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$1,995,000
205 S Pacific Highway 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.
Courtesy of: Steven W Parmelee, Windermere Van Vleet & Assoc2, realtor007@windermere.com
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