OVERVIEW Riverside Meadows Mobile Home Park in Vernonia, Oregon, is a river front community offering a unique blend of small-town charm, scenic natural surroundings, and practical amenities for residents. The park currently total 37 occupied spaces and features a mix of mobile home and RV sites, with city-provided water and sewer utilities, and is situated on over 16 acres of land. Its location provides easy access to employment and outdoor recreation, including the nearby Banks-Vernonia State Trail, making it an attractive option for nature enthusiasts and those seeking a peaceful, rural lifestyle. EXPANSION POTENTIAL A significant benefit of Riverside Meadows is its potential for growth, bolstered by city-approved plans for expansion and rent growth potential. The City of Vernonia has granted approval for the addition of 27 new RV spaces on the property, ensuring that the expansion is ready for development. This expansion offers a compelling opportunity to increase rental income and accommodate the rising demand for RV accommodations in the region. With strong occupancy rates in the area and a robust local economy supported by proximity to Portland and Hillsboro, the addition of new RV spaces positions Riverside Meadows as a versatile and forward-looking community asset. RENTAL UPSIDE Additionally, there is considerable upside in current rents compared to the local market. The average site rent at Riverside Meadows is $595 for mobile home sites and $620 for RV lots, which is notably below the average rents of comparable parks in the region—some of which command monthly rents ranging from $825 to $900 for similar sites. This gap presents a clear opportunity to increase rents over time, aligning them more closely with market rates and thereby boosting revenue without the need for major capital improvements. The combination of city- sanctioned expansion and below-market rents positions Riverside Meadows as a property with both immediate and long-term growth prospects.