Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 7.1%
- Listing ID: 1925688
- Posted On: Nov 3, 2022
- Updated On: Jan 23, 2023
Description
55+ Mobile Home and RV Park in Searchlight Nevada. This 22 acre park contains 61 mobile homes, 12 RV spaces and rental storage areas. Four additional cut pads are on-site for further expansion of the park. Public utilities include water, trash, and electric. Please contact the listing agent for further information and due diligence package. Please do not tour the park or speak to management without listing agent approval and coordination.
Amenities
- Storage
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Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 61 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $350 |
| Size: | 22 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $276,000 |
| Operating Expense: | $91,000 |
| Net Operating Income: | $185,000 |
| Expense Ratio: | 33.0 % |
RV Information
| Number of RV Lots: | 12 |
| Average RV Lot Rent: | $487 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
