Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, Assumable Loan
- Cap Rate: 8.5%
- Listing ID: 18752
- Posted On: Dec 20, 2010
- Updated On: Feb 14, 2011
Description
35 space RV/Mobile park located just north of the historic town of Beatty Nevada. 5+ acres direct frontage US 95. Recreation Room with pool table and laundry facilities. Propane sales on site.
Park has upgraded 50amp service, all new restrooms, rustic hemlock fencing and new signage. On site Wi-fi is satelite based. Room for expansion on elevated bluff on parks south end. EXCELLENT long term park management team on site. Search optomized web site. www.BeattyRVPark.com. PLEASE contact Tom Garcia at 702-250-6355 with any and all questions. Do not contact the park directly.
Price of $715,000 represents cap rate of 8.5% based on acutual 2009-2010 NOI. Assumable loan of 395,000 available at 5.25% 30 year am.
Location
Historic Beatty is 1 hour North of Pahrump Nevada and 2 hours North of Las Vegas. US 95 is heavely traveled year round between Reno and Las Vegas. 20 minutes to Amagosa Sand Dunes. 5 minutes to historic Ghost town Rhyolite.
Financial Information (Actual)
| Gross Income: | $104,811 |
| Operating Expense: | $43,560 |
| Net Operating Income: | $61,251 |
| Expense Ratio: | 41.6 % |
| Debt Info: | 395,000@5.25%=$2264mo |