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