Share This Listing

Message

921 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

Brookwood Mobile Home - RV Park & Motel 205 Cornell Ave 41 Unit Mobile Home Park $1,800,000 ($43,902/Unit) 2.84% Cap Rate Lovelock, NV 89419

Save this listing!

Favorite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Prime Location In Lovelock
  • New capital improvements: new roofs, windows, etc...
  • Seller has been cleaning up the properties

EXECUTIVE SUMMARY

RE/MAX Commercial is pleased to present the Brookwood Motel & Rv Park portfolio for sale in Lovelock, NV. The property has 41 mobile home spaces and a 9 room motel situated on 4 acres. The property could easily start accepting RV rentals for the active mining community that travels in trailers. Proforma Cap Rate 8.61%
The Brookwood Motel and RV Park is also available as a portfolio with the Lovelock Inn comprised of a 37 rooms motel. The Lovelock Inn also has a restaurant that could be opened or leased out together with the Lovelock Nugget Motel that has 17 rooms.
Portfolio Sale In Lovelock:
- 55 Cornell ave, $2,500,000
- 205 Cornell, $1,800,000
- 515 Cornell , $1,200,000 (vacant and under renovation)

DATA ROOM Click Here to Access

FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $1,800,000
Price Per Unit $43,902
Sale Type Investment
Cap Rate 2.84%
No. Units 41
Property Type Multifamily
Property Subtype Manufactured Housing/Mobile Home
Building Class C
Lot Size 4.03 AC
Building Size 2,000 SF
No. Stories 1
Year Built 1945
Parking Ratio 67.5/1,000 SF
Zoning C-1 - RV Park & Motel Use

AMENITIES

UNIT AMENITIES

  • Storage Space
  • Yard

SITE AMENITIES

  • 24 Hour Access

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 41 - -
  • Listing ID: 32921079

  • Date on Market: 8/22/2024

  • Last Updated:

  • Address: 205 Cornell Ave, Lovelock, NV 89419

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}