2150 Milleg Ln Big Piney, WY 83113
- Mobile home & RV parks
- 3.14 lot acres
Current Use by Public Records
- Mobile home & RV parks
Property Details for 2150 Milleg Ln
- Lot size
- 3.14 lot acres
- Property type
- Mobile home & RV parks
Description
This exceptional investment opportunity presents a 3.14-acre mobile home and RV park located at 2150 Milleg Ln, Big Piney, Wyoming, 83113 (APN 08-00-00012). Currently boasting 23 mobile home units and 39 total pads, the park offers significant upside potential. The property is situated on city services, a key advantage for residents. Currently operating at 53% occupancy, the park generates a Net Operating Income (NOI) of $77,000, yielding an attractive 8.10% capitalization rate. The asking price is $950,000. This presents a compelling opportunity to increase both mobile home and overnight RV occupancy, potentially boosting revenue through market-rate rent adjustments. Further revenue enhancement could be achieved by implementing a utility billing system for water, sewer, and trash, currently included in the rent. The well-maintained park provides a comfortable living environment, attracting tenants and maximizing returns. This property offers a strong foundation for a savvy investor seeking a high-yield, hands-on investment in a growing community. The park's location in Sublette County, Wyoming, provides access to outdoor recreation and a desirable lifestyle. This is a rare chance to acquire a well-positioned mobile home park with substantial growth potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Big Piney
- County
- Sublette
- State
- Wyoming
- Longitude
- -110.142
- Latitude
- 42.5436
