Lazy L Mobile Home & RV Park

Lazy L Mobile Home & RV Park, located in McCook,

Nebraska, represents a compelling investment

opportunity within the manufactured housing and

RV sector.​ Spanning 10.34 acres, the property

includes 88 total lots, with 47 spaces occupied (54%

occupancy), providing immediate income and

significant upside potential.​ The property features

34 tenant-owned mobile homes, 13 long-term RV

tenants, and an additional 41 vacant spaces ready

to be leased.​

At an offering price of $1.6 million, this investment

delivers strong current cash flow with an NOI of

$77,684 and a projected 12.21% cap rate at 80%

occupancy.​ With direct-billed utilities for mobile

homes and included utilities for RV spaces,

operations are straightforward, and rents are

positioned below market, offering opportunities for

incremental increases.​ Lazy L is an ideal investment

for buyers seeking stable returns and value-add

potential in a high-demand sector.​

Additionally, the property offers flexibility for

redevelopment or enhanced community amenities,

catering to both long-term tenants and transient RV

users.​ With its location in a stable and affordable

market, Lazy L stands out as a well-positioned asset

for both short-term cash flow and long-term

appreciation.​ Investors will benefit from the area's

steady economic base and the growing demand for

affordable housing solutions.​

Sizeable Property: 10.34 acres with 88 total lots,

including 34 tenant-owned homes, 13 long-term RV

tenants, and 41 vacant spaces.

Cash Flow: Current NOI of $77,684 with significant

upside potential through occupancy increases and

rent adjustments.

Market Opportunity: Below-market rents provide

room for incremental increases, enhancing overall

returns.

Pro Forma Returns: Competitive 12.21% cap rate

and 25.6% cash-on-cash return at 80% occupancy.

Utilities: Direct-billed utilities for mobile homes

streamline operations, with RV utilities included in

rents.

Redevelopment Potential: Opportunity to enhance

or redevelop portions of the property to further

attract tenants and increase revenue.

Prime Location: Situated in McCook, Nebraska, a

stable and growing market with strong demand for

affordable housing options.