935-1015 Walnut St
Rock Springs, WY 82901
Multifamily Property For Sale · 56,160 SF

These 2 great Mobile Home Communities located in Rock Springs, Wyoming have come onto the market for the first time in many years. Major MHC community owner who is a notable competitor in this market has a majority market share of the MHC's. Market lot rents have risen to $500+ with tenants paying for water and sewer. These two communities are priced at $400 and $430 per lot billing back utilities to the tenants, there is enormous room for value add in this market. 935 Walnut St there are 21 lots with 20 of the lots occupied with tenant owned homes. In addition to this, there are 2 RV lots that are unoccupied that are in working condition. 1015 Walnut Street has 18 lots and all of them are occupied with TOH's. Improvements Made - The current properties have new asphalt in place and are well maintained and manicured. The owner is removing an abandoned MH out before sale and will start to take applications for the vacant spot. All lots have water meters installed on them. Leases with owners allow for reading and bill backs, the owner has not billed back to date. Documents available - As part of your due diligence I am able to provide you various documentation. The first available is 2019's Profit and Loss statement showing gross income and expenses for you to review. I have provided this in PDF. Listing is provided by Virgil Nethercott with Jackson Hole Sotheby's International Realty