1120 John Long Rd - Manufactured Housing/Mobile Housing FOR SALE


Oakland, OR 97462
$2,600,000 USD
1120 John Long Rd, Oakland, OR for Sale
$2,600,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/72

1120 John Long Rd
Oakland, OR 97462


HIGHLIGHTS

  • 100% occupied 43-site long-term RV community with a waiting list and stable cash flow.
  • Seller financing available with $1,000,000 down, 5% interest-only financing for qualified buyers.
  • Well-maintained 26.8-acre property with quality amenities, minimal deferred maintenance, and a strategic I-5 location.

OVERVIEW

Kidder Mathews is pleased to exclusively present Rice Hill RV Park, a 43-site long-term RV community situated on 26.8 acres along the Interstate 5 corridor in Oakland, Oregon. The property is currently 100% occupied with a waiting list and has transitioned to an exclusively monthly rental operation, providing stable recurring income and limited resident turnover. The community offers 25 pull-through sites and 18 back-in sites, all equipped with 20/30/50-amp electrical service. Amenities include a leasing office, clubhouse, laundry facilities, showers, paved interior roads, on-site storage, and propane sales. Current average site rents are below comparable properties in the surrounding market, presenting a clear opportunity to increase revenue through future rent adjustments. The property benefits from an efficient owner-operated business model, no third-party management, and minimal deferred maintenance, allowing a new owner to focus on operational optimization rather than capital improvements. Offered at $2,600,000 ($60,465 per site), the investment features a projected 7.3% normalized cap rate and additional upside through rent growth and expense optimization. Seller financing may be available for qualified buyers. Investment Highlights 43-site long-term RV community on 26.8 acres 100% occupied with waiting list Strong in-place cash flow with below-market rents Significant rent growth potential Well-maintained property with no significant near-term capital expenditures Additional income from storage, utility billbacks, and propane sales Strategic location along Interstate 5 between Eugene and Roseburg Seller financing available for qualified purchasers

FOR SALE DETAILS

PRICE

$2,600,000 USD

# OF UNITS

43

PRICE/UNIT

$60,465

CAP RATE

7.33%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rice Hill RV Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

PARKING SPACES

-

LAND DETAILS

LAND ACRES

25 AC

LAND SF

1,089,000 SF

ZONING

CRC FF

APN/PARCEL ID

R128245

ASK ABOUT THIS PROPERTY

John WallaceKidder MathewsMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

John WallaceKidder MathewsMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.