920 W Walnut St, Condon, OR 97823 - Gilliam County

Here is your opportunity to get into a trending asset type with a proven history, strong upside and minimal maintenance. The Condon RV Park includes 21 full hook-up sites that are spread over two, 1 acre commercial lots situated on the edge of town next to the rolling wheat fields that the area is loved for. All sites are separately metered and include 50 amp connections. The property also includes a two bed, one bath stick built home that is currently rented as well as a utility building consisting of a public laundromat, two full bathrooms with showers and a storage shed. The lot is mostly gravel providing for ease of maintenance, and there is open space on the west side for additional spaces or other development potential. Two of the spaces are occupied by tenant owned manufactured homes, one space has a park-owned manufactured home and the rest are available for nightly, weekly and monthly RV travelers. Along with the real estate comes two note receivables on the tenant owned homes. Rents have not been raised for multiple years, which makes for additional upside to an incoming buyer. The laundromat is the only one in the area and draws from a wide circle. Shade trees and even a few fruit trees line the park and provide much appreciated shade for guests during the heat of summer. This property has a strong and diverse set of income streams that help balance out the seasonal nature of RV travelers, and very low overhead expenses. If you are looking for that real estate investment that keeps on giving without requiring full-time attention, you have found it!

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