For Sale
$1,600,000

115 5Th AveSun Valley, NV 89433

16-unit park, high occupancy, strong NOI.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents the Trail West Mobile Home Park, a 16-unit stabilized multifamily property situated on a 2.006-acre lot in Sun Valley, Nevada. Currently boasting 100% occupancy with all 16 spaces rented at $625 per month, generating a Net Operating Income (NOI) of $73,903, and a 4.62% cap rate. Pro-forma projections indicate a potential NOI of $91,892 and a 5.74% cap rate. The property features a single-story building constructed in 1871, currently used for commercial purposes (non-conforming use) and could be removed to increase the number of mobile home spaces. All mobile homes are tenant-owned, minimizing maintenance responsibilities for the owner. The property is zoned GC. The asking price is $1,600,000, representing a price per unit of $100,000. The property's location at 115 W 5th Ave, Sun Valley, NV 89433 (APN: 085-650-29) offers a central location within the community. Note that the Sun Valley General Improvement District will impose water and sewer impact fees upon sale

Highlights

  • High occupancy mobile home park with strong rental history.
  • Expansion potential with additional site space available.
  • Excellent central location offering convenient access.
  • All homes are tenant-owned, eliminating park-owned inventory.

Property Details for 115 5Th Ave

Property type
Mobile home & RV parks
Class
C
Year Built
1871
Buildings
1
Stories
1
Lot Size (sq. ft)
87,381 SF
Units
16

Location Insight

City
Sun Valley
County
Washoe
State
Nevada
Latitude
39.5929606
Longitude
-119.7810816
115 5Th Ave, Sun Valley, Nevada

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Contacts

Austyn Moore
Austyn Moore
Ben Galles
Ben Galles
Visit Broker Website

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115 5Th Ave, Sun Valley, Nevada, 89433

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

115 5Th Ave
  • Austyn Moore
    Austyn Moore
  • Ben Galles
    Ben Galles
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(775) 356-6118

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