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
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 16.9%
  • Listing ID: 656926
  • Posted On: Apr 18, 2016
  • Updated On: Aug 8, 2016

Description

This 11 unit mobile home park sits on 0.32 acres and offers its residents studio, one-bedroom and two-bedroom units. The property is located directly across from the Cheyenne Sports Complex on Pecos Road just north of Cheyenne Ave. This convenient location provides easy access to the I-15 freeway and sits within an abundance of major employment centers, shopping, entertainment, parks and restaurants. The property is also within walking distance to the College of Southern Nevada and many major transportation services providing access throughout the Las Vegas Valley. This is a unique opportunity to acquire one of the few remaining low-cost investments in Las Vegas.

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Park Information

Community Type: All Age
Number of MH Lots: 11
Total Occupancy: 100.0 %
Year Built: 1954
Average MH Lot Rent: $450
Size: 0 acre(s)

Financial Information (Actual)

Gross Income: $58,860
Operating Expense: $18,981
Net Operating Income: $39,879
Expense Ratio: 32.2 %

Lot Information

Singlewide Lots: 11

Park-Owned Homes

Number of Park-owned Homes: 11
Average Rent for Park-owned Homes: $450