Property Info
The Trailer Terrace
Property details:
Rob Hatrak
Property DESCRIPTION:
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.
Property Highlights:
- 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.
