Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 12.3%
- Listing ID: 792215
- Posted On: Mar 13, 2017
- Updated On: Dec 30, 2021
Description
35 Space park with plenty of extra land for expansion! Listed for $630,000 (12.28% Cap Rate) To include 10 park-owned homes, or listed at $500,000 to include no park-owned homes. All homes are 1978 or newer.
Water is city-serviced & property is on a septic system. Gas, electric and trash are serviced privately; electric is direct billed. Rents were raised 11/2016 to $255.
Seller Financing Is Available!!
Click the Link for an Offering Memorandum: https://wwws.stagexchange.com/strattongroup/NV1
Location
River Meadows Mobile Manor is located 4 miles off Interstate-80 in western Nevada, approximately an hour and a half northeast of Reno. The mobile home park is found in the city of Lovelock, only 12 minutes from the nearest airport!
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 35 |
| Total Occupancy: | 77.1 % |
| Year Built: | 1987 |
| Average MH Lot Rent: | $255 |
| Size: | 20 acre(s) |
Financial Information (Actual)
| Gross Income: | $114 |
| Operating Expense: | $37 |
| Net Operating Income: | $77 |
| Expense Ratio: | 32.5 % |