Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 5.9%
- Listing ID: 2989881
- Posted On: May 24, 2023
- Updated On: Nov 6, 2023
Description
Las Vegas Nevada Free Market Economy No Rent Controls, No State Goverment Tax Growing Economy and Population. no end in site.
20 units no vacancy in City of Las Vegas On bustling Rancho Drive 6 cap upside easy rent boast no rent control pick it up to 7 cap in 90 days notice period. Market is yearning for rental property as interest rates and average price put the new townhomes on same block buyers at over 2100 a month now.
Location
Prime time heart of Vegas 5 minutes to Downtown 10 minutes to the Strip 2 min to US 95 all services minutes away
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 14 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1971 |
| Average MH Lot Rent: | $874 |
| Size: | 1 acre(s) |
Financial Information (Actual)
| Gross Income: | $234,600 |
| Operating Expense: | $43,985 |
| Net Operating Income: | $190,565 |
| Expense Ratio: | 18.7 % |
| Debt Info: | No |
Lot Information
| Singlewide Lots: | 10 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 4 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 7 |
| Average Rent for Park-owned Homes: | $1,500 |
