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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
I am 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%
Property has recently been renovated including new roof, new windows, new stucco and new paint.
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)
Property has recently been renovated including new roof, new windows, new stucco and new paint.
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)
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 | Building Class | C |
| Price Per Unit | $43,902 | Lot Size | 4.03 AC |
| Sale Type | Investment | Building Size | 2,000 SF |
| Cap Rate | 2.84% | No. Stories | 1 |
| No. Units | 41 | Year Built | 1945 |
| Property Type | Multifamily | Parking Ratio | 67.5/1,000 SF |
| Property Subtype | Manufactured Housing/Mobile Home | ||
| Zoning | C-1 - RV Park & Motel Use | ||
| 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 | - | - |
Property Taxes
| Parcel Number | 001-115-01 | Improvements Assessment | $66,747 |
| Land Assessment | $46,081 | Total Assessment | $112,828 |
Property Taxes
Parcel Number
001-115-01
Land Assessment
$46,081
Improvements Assessment
$66,747
Total Assessment
$112,828
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Brookwood Mobile Home - RV Park & Motel | 205 Cornell Ave
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