www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
28878704
31278096

32 Carol St, West Wendover, NV 89883

JS
NV 1001185, CA 01507135 (+8)
JDS Real Estate Services, Inc.
Listed by JDS Real Estate Services, Inc.
$4,700,000
178 days on market
Updated 12 days ago
Opportunity zone

Santiago Wendover Estates

Details
Property Type Multifamily, Mobile Home Park
Sub Type Manufactured Housing Community
Units 74
Cap Rate 5.95%
NOI $279,546
Occupancy 99%
Pro-Forma Cap Rate 6.5%
Pro-Forma NOI $305,726
Year Built 1998
Buildings 74
Stories 1
Acreage 11.210
Zoning RMH-1

Manufactured Housing Community | 74 Units | $63,514/unit

Marketing description

Note portfolio secured by new homes is also available. Inquire for additional details.

Santiago Wendover Estates presents a rare opportunity to acquire a 99% occupied, 74-unit community in the high-demand border city of West Wendover, Nevada. Wendover Estates is a high-quality, excellent-condition manufactured housing community highlighted by a large number of new tenant-owned homes, direct-billed public utilities, and subdivision appeal.

The community was built in 1998 and recently infilled with predominantly new double-wide homes, significantly increasing curb appeal. The community features asphalt streets, concrete sidewalks, curbs and gutters, and a playground. Utilities are public and directly billed, reducing management responsibilities, expense ratios, and capital expenditures. There are no vertical buildings, which also presents a significant bonus depreciation opportunity.

West Wendover’s unique economic environment—anchored by casino resorts, hospitality operations, cross-state tourism, and its strategic location on I-80—drives a stable workforce population and persistent demand for attainable housing. With extremely limited development of new mobile home parks in the region, Santiago Wendover Estates stands as a secure, income-producing investment with built-in growth, long-term stability, and a strong foothold in one of Nevada’s most supply-constrained housing markets.

Investment highlights

  • Recently constructed, newly infilled with late model manufactured homes

  • Concrete curb and gutters, asphalt roads

  • 99% occupied

  • Playground and manager’s home

  • 72 tenant owned homes

  • Direct billed public utilities

  • Price per Space: $63,514

Listing Contacts

JS
NV 1001185, CA 01507135 (+8)
JDS Real Estate Services, Inc.
Listed by JDS Real Estate Services, Inc.

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$279,546.00
$23,295.50/mo

Valuation Metrics

0
DSCR
5.95%
Cap Rate
5.95%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Jennifer Stein
License
1001185
Brokerage
JDS Real Estate Services, Inc
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591