6029 Salmon River Hwy Active Save Request In-Person Tour Request Virtual Tour
Otis,OR 97368
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