Medium Density Multi-family Land 2.41 AC 4541 E Owens Ave
54 Unit Mobile Home Park $2,892,000 ($53,556/Unit) Las Vegas, NV 89110
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INVESTMENT HIGHLIGHTS
- 4 Elementary Schools across the street and nearby
- Many recent new construction including new home communities on Owens, Shaq's Youth Center coming soon, retail/office on Lake Mead
- Public transportation to Summerlin, Spring Valley, North Las Vegas Industrial Park
EXECUTIVE SUMMARY
Shovel ready 2.41 AC former mobile home park was rezoned to R-3 Medium Density Multi-family lot. The sale includes the building permits to develop a 54-unit consisting of 14 one-bedroom units, 32 two-bedroom units, and 8 three-bedroom with den units in this family oriented area.
This project is located in the 2025 Qualified Census Tracts (QTCs) and the site has various location advantages including:
1) major public transportation access connecting to North Las Vegas industrial parks, Summerlin, Spring Valley, etc.
2) four elementary schools across the street and nearby, and
3) many upcoming new development projects are joining the immediate area including Shaquille O’Neal’s Youth Center across the street, a large developer's retail/office developments on Lake Mead Blvd, and 4+ new communities built/being-built by Storybook Homes (owned by luxury developer Toll Bros) on Owens Ave, to name a few.
This project is located in the 2025 Qualified Census Tracts (QTCs) and the site has various location advantages including:
1) major public transportation access connecting to North Las Vegas industrial parks, Summerlin, Spring Valley, etc.
2) four elementary schools across the street and nearby, and
3) many upcoming new development projects are joining the immediate area including Shaquille O’Neal’s Youth Center across the street, a large developer's retail/office developments on Lake Mead Blvd, and 4+ new communities built/being-built by Storybook Homes (owned by luxury developer Toll Bros) on Owens Ave, to name a few.
PROPERTY FACTS
Price | $2,892,000 |
Price Per Unit | $53,556 |
Sale Type | Investment |
No. Units | 54 |
Property Type | Multifamily |
Property Subtype | Manufactured Housing/Mobile Home |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 2.41 AC |
Building Size | 49,050 SF |
No. Stories | 3 |
Year Built | 2025 |
Parking Ratio | 2.14/1,000 SF |
UNIT AMENITIES
- Kitchen
- Tub/Shower
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
1+1 | 14 | - | - |
2+2 | 32 | - | - |
3+2 | 8 | - | - |
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ZONING
Zoning Code | R-3 (Medium Density Residential (Multifamily)) |