24828 Or-38 Elkton, OR 97436
- Specialty properties
- 8.50 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 24828 Or-38
- Year built
- 1997
- Lot size
- 8.50 lot acres
- Property type
- Specialty properties
- Property subtype
- Mobile home & RV parks
Description
This exceptional 8.5-acre RV park in Elkton, Oregon, presents a lucrative investment opportunity. Boasting a 7.72% cap rate and a strong NOI of $135,023, this stabilized Class B property offers 40 units, including 21 RV sites (90% long-term occupancy), three park-owned mobile homes, four cabins, one tiny home, and eleven campsites. Built in 1997 and renovated in 2020, the property includes ten buildings, a 1,800 sq ft loft apartment above a storage/shop building, and recreational amenities such as a lounge, restrooms, showers, and laundry facilities. Situated directly on the Umpqua River, renowned for its smallmouth bass fishing, this property benefits from a desirable location in Douglas County, Oregon, near major highways and attractions. The property operates on a septic and upgraded UV water well system. The asking price is $1,750,000 ($43,750 per unit). Financing options, including seller carry, are available upon negotiation. The property's APN is R41215 and is zoned MULTI-FAM-MH PARK/WTR INFL. This turnkey operation offers significant potential for continued growth and profitability.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Elkton
- County
- Douglas
- State
- Oregon
- Longitude
- -123.67
- Latitude
- 43.6819
