Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 7.1%
  • Listing ID: 1925688
  • Posted On: Nov 3, 2022
  • Updated On: Jan 23, 2023

Description

55+ Mobile Home and RV Park in Searchlight Nevada. This 22 acre park contains 61 mobile homes, 12 RV spaces and rental storage areas. Four additional cut pads are on-site for further expansion of the park. Public utilities include water, trash, and electric. Please contact the listing agent for further information and due diligence package. Please do not tour the park or speak to management without listing agent approval and coordination.

Amenities

  • Storage
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Park Information

Community Type: 55 And Over
Number of MH Lots: 61
Total Occupancy: 100.0 %
Average MH Lot Rent: $350
Size: 22 acre(s)

Financial Information (Pro Forma)

Gross Income: $276,000
Operating Expense: $91,000
Net Operating Income: $185,000
Expense Ratio: 33.0 %

RV Information

Number of RV Lots: 12
Average RV Lot Rent: $487

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

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