For Sale
$1,000,000

900 Avenue MEly, NV 89301

High-yield, 30-space mobile home park in Nevada.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a well-established 30-space mobile home park situated on 2.4 acres in Ely, Nevada. Built in 1975, the park boasts a strong financial performance, with a 9.44% capitalization rate and a Net Operating Income (NOI) of $94,443. The park includes 12 all-electric mobile homes owned by the park and 18 spaces rented to residents. Five travel trailers are also included in the sale. The property's location at 900 Ave M, Ely, NV 89301, offers convenient access to local amenities. Ten-month financial data for 2024 reveals a gross income of $93,770 and operating expenses of $15,075, demonstrating the park's profitability and low maintenance requirements. The property's APN is 002-193-01. This is a turnkey investment ideal for an experienced investor seeking a stable, high-return asset in the manufactured housing sector. The property is offered at $1,000,000.

Highlights

  • Multifamily investment opportunity.
  • Manufactured housing community.
  • Mobile home park with 30 sites.
  • 2.4-acre land parcel.
  • 9.44% capitalization rate.

Property Details for 900 Avenue M

Property type
Mobile home & RV parks
Year Built
1975
Lot Size (sq. ft)
104,544 SF
Units
30

Location Insight

City
Ely
County
White Pine
State
Nevada
Latitude
39.249391677454
Longitude
-114.86729812671
900 Avenue M, Ely, Nevada

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900 Avenue M
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