900 Avenue M Ely, NV 89301
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.