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Osprey Point RV Resort & Marina

1505 N Lake Rd, Lakeside, OR 97449
Available Now
39 views
FOR SALEMultifamily / Rv Park
Cap Rate
7.23%
NOI
$470,023
Lot Size
58.15Ac
Year Built
1998
Occupancy
52%
Currently Leased
No
Listing Contacts
Vice President & Partner

More property details

Investment
Stabilized
Broker Co-op
Yes
Units
153
Ownership
Fee Simple

Location

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Osprey Point RV Resort & Marina
About the location

Osprey Point RV Resort, located in Lakeside, Oregon, spans 58.13 acres and features a total of 153 sites, including 131 RV sites, 1 manufactured home site, 16 tent sites, and 5 park model cabins. The property also offers significant upside with approved plans to expand by an additional 60 RV sites across 5 acres. It is being offered at $42,484 per site and is underwritten with total expenses of $887,120 (65.73%), generating a net operating income of $462,484 and an estimated return of 7.12%. Positioned as a peaceful, year-round destination for both short-term and extended stays, the resort is projected to achieve gross income of approximately $1.35 million, with an average monthly rent of $800. The community is serviced by city water and sewer, with partial septic systems in place. Amenities are extensive and include a pub and pizza restaurant, coffee house, dune access, marina with boat rentals and dock, retail and gift shop, storage units, laundry facilities, showers, and a recreational hall. Sites offer both back-in and pull-through options with full-service hookups, including Wi-Fi, cable, electricity, and water and sewer connections, making it a well-rounded and attractive investment opportunity.

Osprey Point RV Resort & Marina
multifamily · United States · OR