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Land - Indian Springs, NV
Offered for sale is a stabilized rental investment in Indian Springs, NV, located directly across from Creech Air Force Base, providing consistent tenant demand supported by military employment. The property consists of seven (7) fully occupied modular homes generating $122,400 in annual Net Operating Income and is offered at a 10% cap rate with 100% occupancy. The unit mix includes four newer 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 modular homes are not converted to real property, resulting in very low property taxes of approximately $500 per home annually. Conversion is optional at an estimated $10,000 per unit. Situated on approximately 1.64 acres, the property is zoned for up to 22 units, with two newly installed pads allowing for near...
Offered for sale is a stabilized rental investment in Indian Springs, NV, located directly across from Creech Air Force Base, providing consistent tenant demand supported by military employment. The property consists of seven (7) fully occupied modular homes generating $122,400 in annual Net Operating Income and is offered at a 10% cap rate with 100% occupancy. The unit mix includes four newer 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 modular homes are not converted to real property, resulting in very low property taxes of approximately $500 per home annually. Conversion is optional at an estimated $10,000 per unit. Situated on approximately 1.64 acres, the property is zoned for up to 22 units, with two newly installed pads allowing for near-term expansion. Turn-key, high-yield investment with strong in-place income and upside potential.
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