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Trail West Mobile Home Park OWC 115 W 5th Ave

16 Unit Mobile Home Park $1,650,000 ($103,125/Unit) 4.78% Cap Rate Sun Valley, NV 89433

Investment Highlights

  • Consistently rented mobile home park
  • Central location
  • Owner carry available on approved credit
  • Potential to add more spaces
  • No park owned homes

Executive Summary

The Trail West Mobile Home Park is a well-established and highly sought-after property in the heart of Sun Valley, NV. This mobile home park offers a unique investment opportunity with its prime location, spacious lots, and a tranquil atmosphere. The property features 16 spaces and a commercial building which is a non-confirming use and could be demolished to add additional park spaces. All mobiles are owned by the tenants which reduces the owners maintenance costs and all space rents are at $625 per month. Upon sale the Sun Valley General Improvement District will impose water and sewer impact fees upon sale. Owner is open to negotiating those costs. Owner will carry paper with $700,000 down.

Financial Summary (Pro forma - 2023) 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 (Pro forma - 2023) 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 $1,650,000
Price Per Unit $103,125
Sale Type Investment
Cap Rate 4.78%
No. Units 16
Property Type Multifamily
Property Subtype Manufactured Housing/Mobile Home
Apartment Style Garden
Building Class C
Lot Size 2.02 AC
Building Size 87,991 SF
Average Occupancy 100%
No. Stories 1
Year Built 1971
Parking Ratio 0.77/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 16 $625.00 800 - 1,000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
085-650-29
Land Assessment
$234,616 (2024)
Improvements Assessment
$33,422 (2024)
Total Assessment
$268,037 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023

zoning

Zoning Code GC (General Commercial)
GC (General Commercial)
  • Listing ID: 29033289

  • Date on Market: 7/18/2023

  • Last Updated:

  • Address: 115 W 5th Ave, Sun Valley, NV 89433

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