Riverside Meadows | 1105 Riverside Dr
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Riverside Meadows 1105 Riverside Dr Immeuble residentiel 37 lots 3 082 680 € (83 316 €/Lot) Vernonia, OR 97064
Certaines informations ont été traduites automatiquement.
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- 37 Spaces
- City Utilities
- 100% Occupied with a waiting list.
- 27 Additional Spaces to be developed
- All Utilities Reimbursed by tenants
RÉSUMÉ ANALYTIQUE
OVERVIEW
Riverside Meadows Mobile Home Park in Vernonia, Oregon, is a
river front community offering a unique blend of small-town
charm, scenic natural surroundings, and practical amenities for
residents. The park currently total 37 occupied spaces and features a mix of mobile home and
RV sites, with city-provided water and sewer utilities, and is
situated on over 16 acres of land. Its location provides easy access
to employment and outdoor recreation, including the nearby
Banks-Vernonia State Trail, making it an attractive option for
nature enthusiasts and those seeking a peaceful, rural lifestyle.
EXPANSION POTENTIAL
A significant benefit of Riverside Meadows is its potential for
growth, bolstered by city-approved plans for expansion and
rent growth potential. The City of Vernonia has granted
approval for the addition of 27 new RV spaces on the property,
ensuring that the expansion is ready for development. This
expansion offers a compelling opportunity to increase rental
income and accommodate the rising demand for RV
accommodations in the region. With strong occupancy rates in
the area and a robust local economy supported by proximity to
Portland and Hillsboro, the addition of new RV spaces positions
Riverside Meadows as a versatile and forward-looking
community asset.
RENTAL UPSIDE
Additionally, there is considerable upside in current rents
compared to the local market. The average site rent at Riverside
Meadows is $595 for mobile home sites and $620 for RV lots,
which is notably below the average rents of comparable parks in
the region—some of which command monthly rents ranging from
$825 to $900 for similar sites. This gap presents a clear
opportunity to increase rents over time, aligning them more
closely with market rates and thereby boosting revenue without
the need for major capital improvements. The combination of city-
sanctioned expansion and below-market rents positions Riverside
Meadows as a property with both immediate and long-term
growth prospects.
Riverside Meadows Mobile Home Park in Vernonia, Oregon, is a
river front community offering a unique blend of small-town
charm, scenic natural surroundings, and practical amenities for
residents. The park currently total 37 occupied spaces and features a mix of mobile home and
RV sites, with city-provided water and sewer utilities, and is
situated on over 16 acres of land. Its location provides easy access
to employment and outdoor recreation, including the nearby
Banks-Vernonia State Trail, making it an attractive option for
nature enthusiasts and those seeking a peaceful, rural lifestyle.
EXPANSION POTENTIAL
A significant benefit of Riverside Meadows is its potential for
growth, bolstered by city-approved plans for expansion and
rent growth potential. The City of Vernonia has granted
approval for the addition of 27 new RV spaces on the property,
ensuring that the expansion is ready for development. This
expansion offers a compelling opportunity to increase rental
income and accommodate the rising demand for RV
accommodations in the region. With strong occupancy rates in
the area and a robust local economy supported by proximity to
Portland and Hillsboro, the addition of new RV spaces positions
Riverside Meadows as a versatile and forward-looking
community asset.
RENTAL UPSIDE
Additionally, there is considerable upside in current rents
compared to the local market. The average site rent at Riverside
Meadows is $595 for mobile home sites and $620 for RV lots,
which is notably below the average rents of comparable parks in
the region—some of which command monthly rents ranging from
$825 to $900 for similar sites. This gap presents a clear
opportunity to increase rents over time, aligning them more
closely with market rates and thereby boosting revenue without
the need for major capital improvements. The combination of city-
sanctioned expansion and below-market rents positions Riverside
Meadows as a property with both immediate and long-term
growth prospects.
INFORMATIONS SUR L’IMMEUBLE
| Prix | 3 082 680 € | Classe d’immeuble | B |
| Prix par lot | 83 316 € | Surface du lot | 6,68 ha |
| Type de vente | Investissement | Surface de l’immeuble | 237 m² |
| Nb de lots | 37 | Occupation moyenne | 100% |
| Type de bien | Immeuble residentiel | Nb d’étages | 1 |
| Sous-type de bien | Parc de mobil-homes | Année de construction | 1973 |
| Style d’appartement | Avec jardin | ||
| Zonage | Commercial - Commerciale | ||
| Prix | 3 082 680 € |
| Prix par lot | 83 316 € |
| Type de vente | Investissement |
| Nb de lots | 37 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Parc de mobil-homes |
| Style d’appartement | Avec jardin |
| Classe d’immeuble | B |
| Surface du lot | 6,68 ha |
| Surface de l’immeuble | 237 m² |
| Occupation moyenne | 100% |
| Nb d’étages | 1 |
| Année de construction | 1973 |
| Zonage | Commercial - Commerciale |
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Riverside Meadows | 1105 Riverside Dr
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