for sale the trailer terrace · 2017-10-26 · rob hatrak c: 702.271.3520 e: [email protected]...

ROB HATRAK C: 702.271.3520 E: [email protected]

For more information or to schedule an appointment contact:

1333 N Buffalo Dr, Ste 120 Las Vegas, NV 89128702.787.0123

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THE TRAILER TERRACE is located at the Southwest corner of North Maryland Parkway and Stewart Avenue. Positioned just east of the booming Downtown Las Vegas trade area, the property proves to be a convenient home base for its residents. As a brand new ground-up development, residents enjoy impeccably maintained common areas at extremely affordable rental rates. Residents can easily participate in the strong trade area dining and social opportunities presented by neighborhood names such as Carson Kitchen, Donut Bar, Bocho Downtown Sushi, Park on Fremont, Commonwealth, Nacho Daddy, Chow, Eat, Atomic Liquors, Le Thai, The Fremont Street Experience, Bin 702, and Container Park projects just a few blocks away. Situated on 0.48 acres, the fully fenced/gated property houses 14 travel trailers, one 2-bedroom/1-bath home, one 1-bedroom/1-bath home, and one studio apartment.

• 14 trailers, 2 homes, 1 studio

• No expenses spared in development or maintenance of the park

• All trailers owned free & clear, with clean titles

• Producing approximately $77,112 NOI

• The property benefits from the huge demand for affordable housing in Downtown Las Vegas

• Initial total lease-up effort took less than 45 days to achieve 100% occupancy

• Strong demand from backup tenant inquiries.

Property Highlights:

FOR SALE

221-225 N MARYLAND PKWY, LAS VEGAS, NV - 89101

THE TRAILER TERRACEASKING PRICE

$1,300,000

ZONED: C-2, LAS VEGAS • APN: 139-35-211-065 • LOT: 0.48 AC • # OF UNITS: 17 • OCCUPANCY: 100%

Stewart Ave

Fremont St

E Ogden Ave

N 11th St

N Mary

land P

kwy




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THE TRAILER TERRACE 221-225 N MARYLAND PKWY, LAS VEGAS, NV - 89101

Stewart AveN M

aryla

nd P

kwy

SITE PLAN & PHOTOS




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FACTS & FIGURES

Purchase Price: $1,300,000

Gross Income: $110,160

Total Expenses: $33,048

NOI: $77,112

Cap Rate: 5.93%

Price Per Square Foot: N/A

Total Gross Leasable Space: N/A

Occupancy: 100%

Number of Tenants: 17

Tenant Profiles:

*Full tenant lease details will be provided to qualified buyers.

* All Tenants are Month-To-Month

(14) trailer tenants, each paying $495/mo in Month-to-month rents. (1) 2-bedroom/1-bath home generating $950/mo (1) 1-bedroom/1-bath home generating $800/mo. (1) Studio generating $500/mo.

Trailer Details: All 14 travel trailers range from 28-31’ in length and have clean titles with no debt. Each has brand new HVAC, plumbing, and electrical, and each is hard plumbed to city connections.

Year Built: 2017

Common Area Ammenities: 2 community bathrooms, 2 outdoor showers, 3 washers & dryers, BBQ area, fire pit, outside TV/Movie viewing area, WiFi.

Construction: Structures rest on continuously poured concrete slab footings, with asphalt parking areas. Construction components include a wood frame structures stucco finishes.

Parking: 10 interior parking spaces located within the community gates. Street level parking is also available.

Roof System: Pitch shingled roof systems.

Ingress/Egress: Access to the community is provided by two sliding metal gates located on the West and East sides of the property.

Frontage: N. Maryland Parkway & Stewart Avenue

Fire, Life, & Safety: Las Vegas Metropolitan Police Department and City of Las Vegas Fire Department both provide quick response times. Roving security patrols are utilized on a contract basis as needed.

Utilities & Service: All utilities are readily available to the site in adequate quality and quantity to service the highest and best use of the property. Tenants pay their own power, with Landlord paying for water, sewer, and gas.




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for sale the trailer terrace · 2017-10-26 · rob hatrak c: 702.271.3520 e: [email protected]...

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