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    Rawlins Way Usa Rawlins, WY 82301

    Sponsored
    For Sale
    $16,900,000

    250 Units, 7.71% Cap Rate

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a portfolio of five mobile home parks totaling 250 units, strategically located in Rawlins, Wyoming. Priced at $16,900,000, this Class B portfolio boasts a compelling 7.71% cap rate. The portfolio features over 150 park-owned homes constructed in 2006 or later, with more than 40 built within the last five years. This significantly reduces management complexities compared to older portfolios. All five parks benefit from municipal water and sewer services, contributing to operational efficiencies and lower expenses. The close proximity of the parks further enhances management economies of scale, a rare advantage in the Mountain States market. Significant value-add potential exists through leasing up approximately 30 vacant RV spaces, adding 18 more sites at one park with an existing waiting list and readily available utilities, and capitalizing on the opportunity to purchase and resell park-owned homes at a profit to create tenant-owned units. Alternatively, the existing 150+ park-owned homes generate substantial annual income. This portfolio offers a robust investment with multiple avenues for increasing net operating income and property value within a strong and growing market. The portfolio's high percentage of newer homes presents a unique opportunity to profit from purchasing homes at discounted wholesale prices and steadily selling them at a profit to create tenant-owned home communities.

    Property Features for 0 Rawlins Way Usa

    General Information

    Property type
    Multifamily properties
    Class
    B

    Building Details

    Year Built
    2006
    Units
    250

    HighLights

    • $16,900,000 asking price for a five‑park portfolio of manufactured home communities.
    • 7.71% capitalization rate.
    • 250 total units across the portfolio.
    • Built in 2006 or newer, with 40+ units less than five years old.
    • All five parks have municipal water and sewer.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Map

    City
    Rawlins
    County
    Carbon
    State
    Wyoming
    Longitude
    -107.2386627
    Latitude
    41.7910697

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    FAQs

    What type of property is this?
    Multifamily property - 250 Units, 7.71% Cap Rate
    Where is this multifamily property located?
    The property is located at Rawlins Way Usa Rawlins, WY.
    What is the asking price?
    The asking price for this property is $16,900,000.
    What are key features of this property?
    This property features: $16,900,000 asking price for a five-park portfolio of manufactured home communities.; 7.71% capitalization rate.; 250 total units across the portfolio.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

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    Geo

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    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Rawlins Way Usa Rawlins, WY 82301
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