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7501 Lower River RdGrants Pass, OR 97526
Whitehorse RV Village
Asset ClassMultifamily
# Sites43
Occupancy: 93%Cap Rate: 7.56%Access Data Room
Below Market Rent 43-site long-term RV Park in Desirable Grants Pass, OR
overview of deal

Overview

Whitehorse RV Village features 41 long-term RV spaces, with 2-apartment units in desirable Grants Pass, Oregon situated on 5-acres.

 

The park features attractive amenities including 31 sheds, 28 are brand new (approximately $75k+), men and women's restrooms, new mailboxes, dog park, play structure, coin-op laundry, and more.

 

There have been many recent improvements including re-gravel of RV spaces, recently installed Orenco septic system with 5-tanks, and more.

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Investment Highlights

- Well-below market rents with ability to improve rental income year-over-year with rental increases.

- Immediate upside in leasing vacant spaces. (Have remained vacant while Sellers made improvements for the spaces.)

- Recent improvements including 28 new sheds from Shed Center costing approximately $3,300 per shed.

- Recently installed Orenco septic system.

- Attractive amenities including: recreational room, new mailboxes, dog park, picnic/bbq area, coin-op laundry and more.

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7501 Lower River RdGrants Pass, OR 97526

Sales Team

Rand HoffmanSenior Vice President

License #: 01706303

503.502.1752 rand.hoffman@kidder.com
Tom SaundersInvestment Analyst / Broker

License #: 201206711

503.915.8153thomas.saunders@kidder.com

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Listing provided by Revere CRE