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.

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
  • Listing ID: 32654680

  • Date on Market: 01/08/2024

  • Last Updated:

  • Address: 5959 Dodd St, Las Vegas, NV 89122