2150 Milleg LnBig Piney, WY 83113

Property Details for 2150 Milleg Ln

Lot size

3.14 AC

Property type

Mobile home & RV parks

Description

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.

Location Insight

City

Big Piney

County

Sublette

State

Wyoming

Latitude

42.5436

Longitude

-110.142

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