2150 Milleg LnBig Piney, WY 83113

For Sale
$950,000
Wyoming Mobile Home Park, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents a 3.14-acre mobile home and RV park located at 2150 Milleg Ln, Big Piney, Wyoming, 83113 (APN 08-00-00012). Currently boasting 23 mobile home units and 39 total pads, the park offers significant upside potential. The property is situated on city services, a key advantage for residents. Currently operating at 53% occupancy, the park generates a Net Operating Income (NOI) of $77,000, yielding an attractive 8.10% capitalization rate. The asking price is $950,000. This presents a compelling opportunity to increase both mobile home and overnight RV occupancy, potentially boosting revenue through market-rate rent adjustments. Further revenue enhancement could be achieved by implementing a utility billing system for water, sewer, and trash, currently included in the rent. The well-maintained park provides a comfortable living environment, attracting tenants and maximizing returns. This property offers a strong foundation for a savvy investor seeking a high-yield, hands-on investment in a growing community. The park's location in Sublette County, Wyoming, provides access to outdoor recreation and a desirable lifestyle. This is a rare chance to acquire a well-positioned mobile home park with substantial growth potential.

Highlights

  • 3.14-acre mobile home and RV park with 23 mobile home units and 39 total pads.
  • 53% occupancy, generating $77,000 NOI and an 8.10% cap rate.
  • Asking price: $950,000.
  • Located on city services in Big Piney, Wyoming (APN 08-00-00012).

Property Details for 2150 Milleg Ln

Property type
Mobile home & RV parks
Lot Size (sq. ft)
136,778 SF
Units
23

Location Insight

City
Big Piney
County
Sublette
State
Wyoming
Latitude
42.5436462
Longitude
-110.1419462
2150 Milleg Ln, Big Piney, Wyoming

FAQs

What type of property is this?
Mobile home & RV park - Wyoming Mobile Home Park, High Potential
Where is the mobile home & rv park located?
The property is located at 2150 Milleg Ln Big Piney, WY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 3.14-acre mobile home and RV park with 23 mobile home units and 39 total pads.; 53% occupancy, generating $77,000 NOI and an 8.10% cap rate.; Asking price: $950,000.
How can I contact the broker?
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2150 Milleg Ln
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