Contact Information
Thomas DellaValle
The Las Vegas Co
Mobile Home Park Details
- Price: $3,000,000
- Purchase Method: Cash
- Cap Rate: 8.5%
- Listing ID: 2027455
- Posted On: Jan 28, 2023
- Updated On: May 25, 2024
Description
BOM 05/31 OFFICIALLY NOW 3M OR BUY HALF TODAY 1.55
Steady 8.45% cap Yield Now. Come January enjoy new years rent increase and a cap. rate. of 9.03
100% Inflation proof investment easily adjusted by you to COLA annually plus more. Nevada is Free Market Economics State with zero rent controls. Plus No State Income Tax here in NV as well . Easy Value add. Located on major arterial +/-36000 cars and 10000 bus travelers pass a day. Zoning is unique and one of a kind forever continuous use can add Tiny homes, pull trailers Mobile Homes an RVs . Always 100% occupied back up list of 100s with no advertising cost just a sign only. Proof of Funds is required.
Thank you
Seller Owner is Nevada bkr.#06165 w/ property manager permit
Location
HIGH TRAFFIC CENTRAL DENSE POPULATION WALK TO ALL SERVICES plus RECREATION CENTER w/ PARK FITNESS AND POOL ACROSS STREET. BUS LINE STOP OUT FRONT TOO PRIME TIME LAS VEGAS 7 MILES TO TROPICANA AND AND LAS VEGAS BLVD
THE LAS VEGAS STRIP UNSTOPABLE
Amenities
- Laundromat
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 38 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1940 |
| Average MH Lot Rent: | $577 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $298,956 |
| Operating Expense: | $45,407 |
| Net Operating Income: | $253,509 |
| Expense Ratio: | 15.2 % |
| Debt Info: | NO |
Lot Information
| Singlewide Lots: | 38 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 4 |
| Average Rent for Park-owned Homes: | $818 |