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Browse More Listings in Multifamily For Sale, Las Vegas, NV or Nevada

Multifamily Property For Sale

Willow Inn Mobile Home Park

1610 N. Rancho Drive, Las Vegas, NV 89106

Price:
$740,000
No. Spaces:
17
Price/Space:
$43,529.41
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
9.50%
Occupancy:
90%
Lot Size:
1.08 AC
Find Out More...

Last Verified 10/22/2009 Listing ID 16052105

Description

Located on Major Intersection of Rancho Drive (Highway 95) and Vegas Drive in Las Vegas, NV. Property currently has 17 mobile home park spaces. 12 mobile home units are owned by the mobile home park and included in the sale. Property is being sold for an 9.50% cap rate. Overall, park is very clean and ready for new owner to take over management. The site consists of 1.08 Acres and is zoned C-2 Commercial. This site will be developed in the near future and new owner will capitalize on new development/land value.

Located at the NEC of Rancho and Vegas Drive. Just South of Texas and Fiesta Station Casinos. Over 65,000 cars per day at the intersection.

Map of 1610 N. Rancho Drive, Las Vegas, NV 89106 (Clark County)

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Presented by

The Bentley Group Real Estate Advisors, Inc.

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Contact Listing Broker

Mark Musser (702) 855-0440

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Created 1/9/2009

Additional Information for 1610 N Rancho Drive, Las Vegas, NV 89106

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 2 Historic Listings
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - Willow Inn Mobile Home Park

1610 N. Rancho Drive, Las Vegas, NV, 89106