Mobile Home Park Details
- Distressed: This property is in default, REO or in foreclosure.
- Listing ID: 423851
- Posted On: Feb 5, 2014
- Updated On: May 11, 2014
Description
COMMUNITY TO BE AUCTIONED AT WWW.AUCTION.COM (PROPERTY ID #: 193012040). AUCTION SET FOR MARCH 24, 2014 (9:00 AM PST) THROUGH MARCH 26, 2014 (10:00 AM PST).
Opportunity to acquire a well maintained, age restricted community with public utilities centrally located in fabulous Las Vegas, NV.
Outstanding value-add potential for an investor to re-position the community after recently coming out of foreclosure.
At 58% revenue producing occupancy and strong collections, the existing tenant base provides a solid in place return to a buyer but with terrific upside to sell or rent the remaining 14 vacant park owned homes and to fill empty sites.
Once the community reaches stabilization and re-positioned, there may be attractive financing available for the owner to potentially cash out some or most of their initial investment.
The community is serviced by public utilities through Las Vegas Valley Water District.
The community features mature landscaping and trees providing a peaceful atmosphere for residents.
Location
Whispering Sands is conveniently located in Las Vegas, the largest city in Nevada with a population of over 1.95 million in the metro area.
Las Vegas has earned the name "Entertainment Capitol of the World" and is an internationally renowned major resort destination known for gambling, shopping, fine dining, and nightlife.
Park Information
| Community Type: | 55 And Over |
| Year Built: | 1963 |
| Size: | 6 acre(s) |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
