32 W Carol St 74 Unit Mobile Home Park $4,700,000 ($63,514/Unit) 5.95% Cap Rate West Wendover, NV 89883

Note portfolio secured by new homes is also available. Inquire for additional details.
Santiago Wendover Estates presents a rare opportunity to acquire a 99% occupied, 74-unit community in the high-demand border city of West Wendover, Nevada. Wendover Estates is a high-quality, excellent-condition manufactured housing community highlighted by a large number of new tenant-owned homes, direct-billed public utilities, and subdivision appeal.
The community was built in 1998 and recently infilled with predominantly new double-wide homes, significantly increasing curb appeal. The community features asphalt streets, concrete sidewalks, curbs and gutters, and a playground. Utilities are public and directly billed, reducing management responsibilities, expense ratios, and capital expenditures. There are no vertical buildings, which also presents a significant bonus depreciation opportunity.
West Wendover’s unique economic environment—anchored by casino resorts, hospitality operations, cross-state tourism, and its strategic location on I-80—drives a stable workforce population and persistent demand for attainable housing. With extremely limited development of new mobile home parks in the region, Santiago Wendover Estates stands as a secure, income-producing investment with built-in growth, long-term stability, and a strong foothold in one of Nevada’s most supply-constrained housing markets.