Description

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.