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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
9554939
11311817

5803 Boulder Hwy, Las Vegas, NV 89122

Las Vegas Co The
Listed by Las Vegas Co The
$3,750,000
1270 days on market
Updated 58 days ago

Park Place

Details
APN 161-27-103-005
Property Type Mobile Home Park
Square Footage 90,000
Net Rentable (SqFt) 40,000
Units 2
Cap Rate 8.14%
NOI $305,202
Occupancy 100%
Pro-Forma Cap Rate 8.26%
Pro-Forma NOI $309,690
Price per SqFt $42
Broker Co-Op Yes
Class C
Year Built 1991
Buildings 2
Stories 1
Acreage 2.020
Zoning continous commercial residential mix
Parking Spaces 38 per unit
Investment Type Value Add
Occupancy Date 12/11/2022
Ground Lease Yes
Ownership fee
Sale Condition For sale by owner

LAS VEGAS NV NO STATE TAX FREE MARKET NO RENT CONTROL MAJOR METRO

Marketing description

Steady 8.15% Yield Now. BOM already noticed this years rent increase takes your yield to 8.25% cap effective MAY 1 2026 100% Inflation proof investment easily adjusted by you to COLA annually plus more. Nevada is Free Market Economics State with zero rent controls. Plus No State Income Tax here in NV . Quick Easy Value add. ( NEIGHBORING PARK S CAHARGING 19% MORE NOW You may increase rent with simple 90 day notice Located on major arterial +/-36000 cars and 10000 +/- bus travelers pass a day. Zoning is unique one of a kind forever in which You May add Tiny homes, pull trailers Mobile Homes an RVs as You Like . Always 100% occupied back up list always with no advertising cost just sign on pole. Proof of Funds required.

thank you

Call Tom anytime 702-648-4000

2 purchase options

Cash 3.85 m

Seller 11500. a month 2.75% or COLA Lease 31 years to facilitate a 1031 with 2.45m

Investment highlights

Steady 7% Yield Now. 100% Inflation proof investment easily adjusted by you to COLA annually plus more. Nevada is Free Market Economics State with zero rent controls. Plus No State Income Tax here in NV as well . Easy Value add. Located on major arterial +/-36000 cars and 10000 bus travelers pass a day. Zoning is unique and one of a kind forever continuous use can add Tiny homes, pull trailers Mobile Homes an RVs . Always 100% occupied back up list of 100s with no advertising cost just a sign only.

Listing Contacts

Las Vegas Co The
Listed by Las Vegas Co The

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$305,202.00
$25,433.50/mo

Valuation Metrics

0
DSCR
8.14%
Cap Rate
8.14%
ROI

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Additional Information

Name
THOMAS J DELLAVALLE
License
NV.BKR #6165 NV. PROP MANAGER 0165399 BKR
Title
Broker of Record
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