Offered for sale is a stabilized rental investment property located in Indian Springs, NV, directly across from Creech Air Force Base, providing consistent demand supported by military employment.
The property currently features 7 fully occupied modular homes generating $122,400 in annual Net Operating Income, offered at a 10% cap rate with 100% occupancy. The unit mix includes four new (approximately 1-year-old) 3-bedroom/2-bath homes, two remodeled 2-bedroom/2-bath homes, and one 2-bedroom/1-bath Musk-style small home. All units are owned and convey with the sale, providing immediate cash flow.
The homes are modular units not converted to real property, resulting in extremely low property taxes of approximately $500 per home annually, significantly improving net returns. A future owner may elect to convert units to real property at an estimated $10,000 per unit, if desired.
Situated on approximately 1.64 acres, the property is zoned for up to 22 total units. Two newly installed pads are already in place, allowing for up to four additional units immediately, creating a clear near-term value-add opportunity.
This is a turn-key, high-yield investment offering strong in-place income, tax efficiency, and meaningful expansion potential.