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River Meadows MHP 630 Irish American Dam Rd 35 Unit Mobile Home Park $1,250,000 ($35,714/Unit) 8.59% Cap Rate Lovelock, NV 89419
INVESTMENT HIGHLIGHTS
- Future investment upside potential
EXECUTIVE SUMMARY
Excellent investment opportunity with potential upside in revenue, 13 of the 35 units are park owned with 3 of those being vacant and renovated currently. Extra acreage can be further developed to increase income. Water rights have been purchased and are available to support the additional lots. Plans shown are based on previous zoning, buyer to verify all information.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,250,000 | Building Class | C |
| Price Per Unit | $35,714 | Lot Size | 19.52 AC |
| Sale Type | Investment | Building Size | 1,500 SF |
| Cap Rate | 8.59% | Average Occupancy | 92% |
| No. Units | 35 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1951 |
| Property Subtype | Manufactured Housing/Mobile Home | ||
| Zoning | LDS | ||
| Price | $1,250,000 |
| Price Per Unit | $35,714 |
| Sale Type | Investment |
| Cap Rate | 8.59% |
| No. Units | 35 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 19.52 AC |
| Building Size | 1,500 SF |
| Average Occupancy | 92% |
| No. Stories | 1 |
| Year Built | 1951 |
| Zoning | LDS |
AMENITIES
SITE AMENITIES
- 24 Hour Access
- Property Manager on Site
- Waterfront
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 22 | $365.00 | - |
| 2+2 | 10 | $850.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 007-331-03 | Total Assessment | $65,233 (2025) |
| Land Assessment | $23,468 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $41,765 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
007-331-03
Land Assessment
$23,468 (2025)
Improvements Assessment
$41,765 (2025)
Total Assessment
$65,233 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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River Meadows MHP | 630 Irish American Dam Rd
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