Ideal Mobile Home Park

Ideal Mobile Home Park is a centrally located and well-maintained asset in Fallon, NV, with 197 spaces and 98% occupancy. Locally, it is known as the “Gold Standard” for mobile home parks, which we were able to acquire off-market because of our relationship with a broker insider. While Ideal MHP is the highest quality park in the area, all the parks in the market show strong occupancy – highlighting the need for affordable housing. With two-bedroom apartment rents at an average of $1,400/month and houses in the market selling for $250-$350K, there is significant rent upside. Additionally, there is the opportunity to submeter and pass through utility costs. Major employment centers for Fallon residents include the naval air base, silver/magnesium mines, and Tesla/Panasonic. There is even a company- sponsored shuttle that takes Fallon residents to work in the Tesla and Panasonic “gigafactory” outside of Reno.

  • Date Acquired: 17 Aug, 2022

  • Acquisition Price: $13,100,000

  • Spaces: 197

  • City/State: Fallon, NV

Investment Package