Boulder Highway Mobile Home Park 5959 Dodd St 30 Unit Mobile Home Park £1,733,694 (£57,790/Unit) Las Vegas, NV 89122



INVESTMENT HIGHLIGHTS
- Fill & Rental Rate Upside
- City Services in a Business-Friendly Market
- Additional Income Through Car Lot
EXECUTIVE SUMMARY
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 $6,950 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 73%, with rents substantially under market averaging $555, 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.
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 $6,950 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 73%, with rents substantially under market averaging $555, 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.
PROPERTY FACTS
Price | £1,733,694 |
Price Per Unit | £57,790 |
Sale Type | Investment |
No. Units | 30 |
Property Type | Multifamily |
Property Subtype | Manufactured Housing/Mobile Home |
Building Class | C |
Lot Size | 2.42 AC |
Building Size | 824 SF |
Average Occupancy | 73% |
Number of Floors | 1 |
Year Built | 1970 |
Parking Ratio | 10/1,000 SF |
Zoning | C-2, Las Vegas |
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