Property summary
Exceptional investment opportunity: River Run RV Resort, a Class A, 81-space RV park in Cosmopolis, WA (Aberdeen mailing address, zip 98520). This meticulously maintained property boasts 57 RV sites completed in 2021 and a recent 24-site riverfront expansion finished in 2024. The resort features a modern, single-story building housing a one-bedroom apartment (currently rented at $2,500/month), an office, restroom/shower facilities, and laundry amenities. The property sits on 6.34 acres and benefits from new city water, sewer, and electrical services installed in 2021. A US Army Corps of Engineers-built levee ensures riverfront access along the Chehalis River. Turnkey operation is ensured by on-site management and reservation software, with an on-site caretaker receiving free rent and a $1,000/month stipend. The resort maintains a 10-year RV age requirement (2012 and newer) for stays exceeding 30 days. Its prime location offers easy access to Highway 101, Olympic National Park (50 miles), Ocean Shores and Westport (20 miles), and local attractions including a boat launch, golf course, and trailway. Financial highlights include an asking price of $5,950,000, a current NOI of $369,815 (6.22% cap rate), and a pro-forma NOI of $567,739 (9.54% pro-forma cap rate). Each of the 81 pads can accommodate 40-46' Class A luxury RVs, with ample spacing between units. The property's landscaping features black crushed rock and circular driveways. This is a rare opportunity to acquire a high-performing, well-managed RV resort in a desirable location.
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Tax year 2023Property description
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