Contact Information
Thomas DellaValle
The Las Vegas Co
Mobile Home Park Details
- Price: $3,400,000
- Purchase Method: Cash, New Loan
- Cap Rate: 8.5%
- Listing ID: 2027455
- Posted On: Jan 28, 2023
- Updated On: Nov 21, 2024
Description
BOM OFFICIALLY NOW 3.4M OR BUY HALF TODAY 1.75M
Steady 7.67% cap Yield Now. Come January enjoy new years rent increase and a cap. rate. of 8.72
100% Inflation proof investment easily adjusted by you to COLA annually . Nevada is Free Market Economics State with Zero rent controls. Plus No State Income Tax here in NV as well . Easy Value add. Located on major arterial +/-36000 cars and 10000 bus travelers pass a day. Zoning is unique and one of a kind forever continuous use can add Tiny homes, pull trailers Mobile Homes an RVs . Always 100% occupied back up list of 100s with no advertising cost just a on property sign only. Proof of Funds is required.
Thank you
Seller Owner is Nevada bkr.#06165 w/ property manager permit
Location
HIGH TRAFFIC CENTRAL DENSE POPULATION WALK TO ALL SERVICES plus RECREATION CENTER w/ PARK FITNESS AND POOL ACROSS STREET. BUS LINE STOP OUT FRONT TOO PRIME TIME LAS VEGAS 7 MILES TO TROPICANA AND AND LAS VEGAS BLVD
THE LAS VEGAS STRIP AND UNSTOPABLE RENT RATE GROWTH OF 34,3% COUNTY WIDE OVER LAST 5 YEARS
Amenities
- Laundromat
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 38 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1940 |
| Average MH Lot Rent: | $788 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $359,412 |
| Operating Expense: | $65,270 |
| Net Operating Income: | $290,391 |
| Expense Ratio: | 18.2 % |
| Debt Info: | NO |
Lot Information
| Singlewide Lots: | 38 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 4 |
| Average Rent for Park-owned Homes: | $919 |