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
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)
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
- Operating and Financials
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
|
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 | - | - |
