Current Use by Public Records
- Mobile home & RV parks
Property Details for 900 Avenue M
- Year built
- 1975
- Lot size
- 2.40 lot acres
- Property type
- Mobile home & RV parks
Description
This exceptional investment opportunity presents a well-established 30-space mobile home park situated on 2.4 acres in Ely, Nevada. Built in 1975, the park boasts a strong financial performance, with a 9.44% capitalization rate and a Net Operating Income (NOI) of $94,443. The park includes 12 all-electric mobile homes owned by the park and 18 spaces rented to residents. Five travel trailers are also included in the sale. The property's location at 900 Ave M, Ely, NV 89301, offers convenient access to local amenities. Ten-month financial data for 2024 reveals a gross income of $93,770 and operating expenses of $15,075, demonstrating the park's profitability and low maintenance requirements. The property's APN is 002-193-01. This is a turnkey investment ideal for an experienced investor seeking a stable, high-return asset in the manufactured housing sector. The property is offered at $1,000,000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ely
- County
- White Pine
- State
- Nevada
- Longitude
- -114.867
- Latitude
- 39.2494
