Boulder Highway Mobile Home Park 5959 Dodd St 30 Unit Mobile Home Park $2,250,000 ($75,000/Unit) 7.60% Cap Rate Las Vegas, NV 89122

Opportunity to acquire a value-add community with fill and rental rate upside in an infill location within a business-friendly market.
The Boulder Highway Mobile Home Park is a 30-site community with a connecting revenue-producing car lot just 20 minutes from the Las Vegas strip with quick access to the Airport. The all-age, cash-flowing property is serviced with city water and sewer, and direct billed electricity and gas. The purchase price is also inclusive of the approx. half-acre car lot which is currently leased on an annual basis and generating stable income of $6,750 monthly (currently approx. 1/3 of total property income) in addition to the mobile home park. The listed price per site is a blended representation of the community and car lot. The community has below-market occupancy, currently at approximately 80%+, with rents substantially under market averaging $600, providing a significant opportunity to enhance revenue and unlock value. The community is a short, 15-minute drive from Harry Reid International Airport and in close proximity to multiple services, recreational parks, and schools, including Russell Road Recreation Complex, Whitney Recreation Center, Francis H Courtney Junior High School, and Southeast Career Technical Academy.
Las Vegas boasts a prime geographical location offering numerous advantages. Its central position within the United States provides easy access to major West Coast markets and beyond, while also being a short flight from a quarter of the nation's population. Additionally, the city's proximity to major transportation hubs and a diverse, skilled workforce further enhance its desirability as a business and leisure destination.
Please do not visit or contact anyone in the community without approval from the listing agents.