Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 8.2%
- Listing ID: 468356
- Posted On: Sep 10, 2014
- Updated On: Sep 14, 2015
Description
The Pair-A-Dice living community is located at 2067 N. Las Vegas Blvd consisting of a 137 space mobile home park. The sale also includes 42 park owned homes. The Property has street frontage on the west side of Las Vegas Blvd. The property includes a 900 square feet maintenance/laundry facility along with a 150 square feet storage shed. This property is located in the North Las Vegas downtown re-development area.
Pair-a-Dice mobile home park is located in North Las Vegas on North Las Vegas Boulevard, a major north to south arterial throughout the Las Vegas area. It also has quick convenient access to Interstate 15. It is across the street from retail shopping centers consisting of a supermarket, post office, banks, and restaurants. Downtown Las Vegas is a short 2.5 miles away with entertainment, restaurants, and shopping. Nearby employment sources include Jerry'sNugget Casino, Silver Nugget Casino, and North Vista Hospital. It is also blocks away from North Las Vegas City Hall.
Park Information
Community Type: | 55 And Over |
Number of MH Lots: | 137 |
Total Occupancy: | 71.0 % |
Year Built: | 1956 |
Average MH Lot Rent: | $405 |
Size: | 9 acre(s) |
Financial Information
Gross Income: | $555,422 |
Operating Expense: | $267,702 |
Net Operating Income: | $287,720 |
Expense Ratio: | 48.2 % |