Green Acres Mobile Home Park

Property Description:

Opportunity to acquire a senior manufactured housing community in a prime location in Reno.
This is a 96 space deal on city services and master-metered electric and dedicated parking sites.
The roads are paved and there are curbs, wide streets, and cul-de-sacs on the manufactured
home section. Please see seller financing loan information below. All offers must be
aggressive, this location has tremendous land value so seller will not give the park away!!! The
park is less than a mile from the two largest casinos in Reno, directly on a main freeway exit
artery street with traffic counts exceeding 20,000 cares per day, and just two miles from Reno
International Airport. The park will continue to benefit from Reno-Sparks being the #1 job
growth city in the United States in 2018 with a 5.2% year over year increase. This along with
housing shortage has led to rental growth and the projections over the next five years indicate
continued job growth as companies such as Apple, Google, Tesla, and other technology
companies move back office operations to the business-friendly state of Nevada. Broker
believes rents are under market at a blended average of $440.00 per month and repairs and
maintenance can be slimmed to a more market average cost. Buyer also has the opportunity to
get outstanding seller-financing on the property which will allow time to bring up rents to
market and provide cash flow to upgrade community.