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596 Fisher Ln 7 Unit Mobile Home Park $1,250,000 ($178,571/Unit) 9.79% Cap Rate Indian Springs, NV 89018
INVESTMENT HIGHLIGHTS
- Room for Growth - Zoned for 22 units
- 10% CAP RATE
- Manufactured Homes provide for low Property Taxes
EXECUTIVE SUMMARY
Offered for sale is a stabilized rental investment property located in Indian Springs, NV, directly across from Creech Air Force Base, providing consistent demand supported by military employment.
The property currently features 7 fully occupied modular homes generating $122,400 in annual Net Operating Income, offered at a 10% cap rate with 100% occupancy. The unit mix includes four new (approximately 1-year-old) 3-bedroom/2-bath homes, two remodeled 2-bedroom/2-bath homes, and one 2-bedroom/1-bath Musk-style small home. All units are owned and convey with the sale, providing immediate cash flow.
The homes are modular units not converted to real property, resulting in extremely low property taxes of approximately $500 per home annually, significantly improving net returns. A future owner may elect to convert units to real property at an estimated $10,000 per unit, if desired.
Situated on approximately 1.64 acres, the property is zoned for up to 22 total units. Two newly installed pads are already in place, allowing for up to four additional units immediately, creating a clear near-term value-add opportunity.
This is a turn-key, high-yield investment offering strong in-place income, tax efficiency, and meaningful expansion potential.
The property currently features 7 fully occupied modular homes generating $122,400 in annual Net Operating Income, offered at a 10% cap rate with 100% occupancy. The unit mix includes four new (approximately 1-year-old) 3-bedroom/2-bath homes, two remodeled 2-bedroom/2-bath homes, and one 2-bedroom/1-bath Musk-style small home. All units are owned and convey with the sale, providing immediate cash flow.
The homes are modular units not converted to real property, resulting in extremely low property taxes of approximately $500 per home annually, significantly improving net returns. A future owner may elect to convert units to real property at an estimated $10,000 per unit, if desired.
Situated on approximately 1.64 acres, the property is zoned for up to 22 total units. Two newly installed pads are already in place, allowing for up to four additional units immediately, creating a clear near-term value-add opportunity.
This is a turn-key, high-yield investment offering strong in-place income, tax efficiency, and meaningful expansion potential.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$122,400
|
$26.61
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $122,400 |
| Annual Per SF | $26.61 |
PROPERTY FACTS
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
SITE AMENITIES
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 4 | - | - |
| 2+2 | 2 | - | - |
| 2+1 | 1 | - | - |
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596 Fisher Ln
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