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Mobile Home Park

1735 N Rancho Dr

1735 N Rancho Dr, Las Vegas, NV 89106

Listing Price: $3,090,000

Cap Rate
5.99%
Number of Spaces
20
Lot Size
0.94 acres
Occupancy
100.0%
Price/Space
$154,500
Spaces/Acre
21.28
Year Built
1935

Investment Overview

Marcus & Millichap, as the exclusive listing group, are pleased to present 1735 N Rancho Dr, a recently renovated community comprising 14 manufactured home sites and 6 apartment units in Las Vegas, NV. Situated on a 0.94-acre lot, this property offers diverse 1 - 3 bedroom floor plans.

It is located within a 0.5-mile of the $380 million mixed-use redevelopment project known as Hylo Park, the property stands to benefit from increased employment opportunities and retail options. Recent investments in the surrounding area, including new home developments, contribute to the property’s appeal. Conveniently accessible from Rancho Drive, which serves as the Business Route of US 95, tenants enjoy easy access to Interstate 15 and US Route 95.

Ownership has recently made significant enhancements, including the addition of 9 new manufactured homes with 2 & 3 bedroom floor plans and resurfacing of the asphalt. Additionally, the apartment units have been repainted and equipped with new cooling units. Ample surface parking is available for tenants and guests.

The strategic location and recent updates make 1735 N Rancho Dr an attractive option for tenants seeking comfortable living in a rapidly developing area of Las Vegas. Investors seeking a profitable asset will find this property appealing, given its prime location and recent improvements.

Investment Highlights

  • 14 MH Sites comprised of 5 Tenant- Owned Homes and 9 Brand New Park- Owned Manufactured Homes
  • 6 Multi-Family Units with 1 Bedroom Floor Plans
  • Within 0.5-Mile of a 73 Acre Mixed-Use Redevelopment
  • 100 % Occupied
  • City Water & City Sewer
  • Direct-Billed Electricity
  • Water, Sewer, & Trash Included in Rent

Exclusively Listed By

  • Drew Holden

    First Vice President Investments

    (702) 215-7118

    Email Drew

    License(s): CA: 01962800, NV: S.0189703

    Las Vegas

  • Dustin B. Wilmer

    Vice President Investments

    (858) 373-3154

    Email Dustin

    License(s): CA: 01928162, NV: S.0189499

    San Diego Downtown

Financing By

Mobile Home Park

1735 N Rancho Dr

Listing Price: $3,090,000

Cap Rate
5.99%
Number of Spaces
20
Lot Size
0.94 acres
Occupancy
100.0%
Price/Space
$154,500
Spaces/Acre
21.28
Year Built
1935

Investment Highlights

  • 14 MH Sites comprised of 5 Tenant- Owned Homes and 9 Brand New Park- Owned Manufactured Homes
  • 6 Multi-Family Units with 1 Bedroom Floor Plans
  • Within 0.5-Mile of a 73 Acre Mixed-Use Redevelopment
  • 100 % Occupied
  • City Water & City Sewer
  • Direct-Billed Electricity
  • Water, Sewer, & Trash Included in Rent

Investment Overview

Marcus & Millichap, as the exclusive listing group, are pleased to present 1735 N Rancho Dr, a recently renovated community comprising 14 manufactured home sites and 6 apartment units in Las Vegas, NV. Situated on a 0.94-acre lot, this property offers diverse 1 - 3 bedroom floor plans. It is located within a 0.5-mile of the $380 million mixed-use redevelopment project known as Hylo Park, the property stands to benefit from increased employment opportunities and retail options. Recent investments in the surrounding area, including new home developments, contribute to the property’s appeal. Conveniently accessible from Rancho Drive, which serves as the Business Route of US 95, tenants enjoy easy access to Interstate 15 and US Route 95. Ownership has recently made significant enhancements, including the addition of 9 new manufactured homes with 2 & 3 bedroom floor plans and resurfacing of the asphalt. Additionally, the apartment units have been repainted and equipped with new cooling units. Ample surface parking is available for tenants and guests. The strategic location and recent updates make 1735 N Rancho Dr an attractive option for tenants seeking comfortable living in a rapidly developing area of Las Vegas. Investors seeking a profitable asset will find this property appealing, given its prime location and recent improvements.

Exclusively Listed By

  • Drew Holden

    First Vice President Investments

    (702) 215-7118

    Email Drew

    License(s): CA: 01962800, NV: S.0189703

    Las Vegas

  • Dustin B. Wilmer

    Vice President Investments

    (858) 373-3154

    Email Dustin

    License(s): CA: 01928162, NV: S.0189499

    San Diego Downtown

Financing By

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