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2200 Palm St

Las Vegas, NV 89104, USA · Riviera RV Park
Available Now
154 views
FOR SALEMultifamily / Rv Park
Cap Rate
6.01%
NOI
$510,785
Building Size
294,030SF
APN
161-06-401-001
Lot Size
6.75AC
Year Built
1962
Listing Contacts
Vice President & Partner

More property details

Zoning
CG
Currently Leased
No
Investment
Stabilized
Broker Co-op
Yes
Property Class
B
Units
137
Ownership
Fee Simple

Features & amenities

Unit Amenities
Onsite Parking
Natural Light
Washer/Dryer or Laundry Services
Fenced Lot

Location

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Riviera RV Park
About the location

This high-quality 137-site RV resort located in Las Vegas, Nevada presents a compelling investment opportunity in a high-demand, low-supply market. The property is available individually or as part of a larger ±372-site portfolio, which includes the Desert Sands RV Park in Henderson, NV (1940 N. Boulder Hwy). The community is served by city water and sewer, with sub-metered electricity, while water, sewer, and trash are included in the rent. With average monthly rents of $725 plus electricity, the park offers both daily and weekly rates, but is predominantly occupied by monthly and long-term tenants, ensuring stable, recurring income.

The property is well-maintained and professionally managed, featuring gated ingress/egress, paved roads, a pool and hot tub, laundry facilities, restrooms, and an office/clubhouse. With strong year-over-year income growth and a projected gross income of approximately $908,000, the investment has been underwritten with an estimated 44% expense ratio, supporting healthy operational margins. This offering is ideally suited for investors seeking a stabilized, income-producing asset in a rapidly growing market with limited available inventory.

Riviera RV Park
294,030 SF · multifamily · Las Vegas · NV