Rawlins Way Usa Rawlins, WY 82301

Property Details for 0 Rawlins Way Usa

Year built

2006

Property type

Mobile home & RV parks

Description

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.

Location Insight

City

Rawlins

County

Carbon

State

Wyoming

Longitude

-107.239

Latitude

41.7911