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Rice Hill RV Park 1120 John Long Rd 43 Unit Mobile Home Park $3,701,698 CAD ($86,086 CAD/Unit) 7.33% Cap Rate Oakland, OR 97462
Investment Highlights
- 100% occupied 43-site long-term RV community with a waiting list and stable cash flow.
- Well-maintained 26.8-acre property with quality amenities, minimal deferred maintenance, and a strategic I-5 location.
- Seller financing available with $1,000,000 down, 5% interest-only financing for qualified buyers.
Executive Summary
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
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
Property Facts
| Price | $3,701,698 CAD | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $86,086 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 25.00 AC |
| Cap Rate | 7.33% | Average Occupancy | 100% |
| No. Units | 43 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2001 |
| Zoning | CRC FF | ||
| Price | $3,701,698 CAD |
| Price Per Unit | $86,086 CAD |
| Sale Type | Investment |
| Cap Rate | 7.33% |
| No. Units | 43 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 25.00 AC |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2001 |
| Zoning | CRC FF |
Amenities
Unit Amenities
- Wheelchair Accessible (Rooms)
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 43 | - | - |
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | R128245 | Improvements Assessment | $0 CAD |
| Land Assessment | $189,071 CAD | Total Assessment | $189,071 CAD |
Property Taxes
Parcel Number
R128245
Land Assessment
$189,071 CAD
Improvements Assessment
$0 CAD
Total Assessment
$189,071 CAD
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Rice Hill RV Park | 1120 John Long Rd
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