115 5Th AveSun Valley, NV 89433

  • Retail properties
  • 1,234 SF
For Sale
$1,600,000 View listing

Property Details for 115 5Th Ave

Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
2.01 AC
Property size (Sq ft)
1,234 SF
Zone code
GC
Property type
Retail properties
Property subtype
Retail space
APN
085-650-29
APU
8565029

Description

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

115 5Th Ave, Sun Valley, Nevada

Location Insight

City
Sun Valley
County
Washoe
State
Nevada
Latitude
39.5933
Longitude
-119.781
CBSA code
39900
CBSA name
RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,605
$234,616
$30,258
$264,874
-
$670,330
$86,450
$756,780

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