32 W Carol St - Manufactured Housing/Mobile Housing FOR SALE


West Wendover, NV 89883
$4,700,000 USD
213-446-5366
32 W Carol St, West Wendover, NV for Sale
$4,700,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/11
null | 5.95% Cap Rate

32 W Carol St
West Wendover, NV 89883


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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,700,000 USD

PRICE/SF

$37 USD /SF

# OF UNITS

74

PRICE/UNIT

$63,514

CAP RATE

5.95%

% LEASED

99%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

PARKING SPACES

-

LAND DETAILS

LAND ACRES

11.21 AC

LAND SF

488,308 SF

ZONING

RMH-1

APN/PARCEL ID

010-740-085

ASK ABOUT THIS PROPERTY

Jennifer SteinJDS Real Estate Services, Inc.More Info
213-446-5366

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Jennifer SteinJDS Real Estate Services, Inc.More Info
213-446-5366

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.