Otis, OR 97368,6029 Salmon River Hwy
Otis, OR 97368,6029 Salmon River Hwy
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Listed by SHELLEY HENDERSON • COPPER ROCK REAL ESTATE • cell: 503-881-7399
$ 2,500,000
Est. payment | /mo

Save
$ 2,500,000
Est. payment | /mo
Save

Key Details

Property Type Multi-Family

Sub Type Multi- (5+)

Listing Status Active

Purchase Type For Sale

MLS Listing ID 821410

Annual Tax Amount $5,821

Tax Year 2023

Property Description

Tremendous investment opportunity in this 41 unit RV park with multiple campsites on 7+ acres on the Salmon River. The RV sites are consistently rented with very little vacancy (less than 1% in the last 5 years). 2024 CAP is 7.34. 2025 CAP should be 7.95 There is an onsite laundry and restroom. Less than 15 minutes north of Lincoln City.

Location

State OR

County Lincoln

Area Os Outside 4 County Area

Building

New Construction No

Willamette Valley MLS (WVMLS)
agent-avatar

+1(503) 310-8498

ljhilton1@aol.com

16037 SW Upper Boones Ferry Rd Suite 150, Tigard, OR, 97224

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6029 Salmon River Hwy