596 Fisher Ln - Manufactured Housing/Mobile Housing FOR SALE


Indian Springs, NV 89018
$1,250,000 USD
702-704-4080
596 Fisher Ln, Indian Springs, NV for Sale
$1,250,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/25
null | 9.79% Cap Rate

596 Fisher Ln
Indian Springs, NV 89018


HIGHLIGHTS

  • Room for Growth - Zoned for 22 units
  • Manufactured Homes provide for low Property Taxes
  • 10% CAP RATE

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$272 USD /SF

# OF UNITS

7

PRICE/UNIT

$178,571

CAP RATE

9.79%

% LEASED

100%

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.64 AC

LAND SF

71,438 SF

ZONING

R-T

APN/PARCEL ID

059-08-701-007

ASK ABOUT THIS PROPERTY

Cody CorioLPT RealtyMore Info
702-704-4080

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Cody CorioLPT RealtyMore Info
702-704-4080

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