All-ages coupon clipper mobile home park located in the thriving Sparks submarket of Greater Reno. This community has several avenues for upside including rental increase, utility billing, and long-term redevelopment potential due to infill location. Y Rancho is a low maintenance park on city services with all tenant-owned homes and no bad debt over last 12 months. There are no common area amenities with the exception of a laundry room which was recently renovated. The streets were just given a sealcoat and restriped so there is minimal deferred maintenance on the community. All electricity is direct-billed to each tenant so from an infrastructure standpoint Y Rancho is a breeze to operate. The family park will continue to benefit from Reno-Sparks being the #1 job growth city in the United States in 2018 with a 5.2% year over year increase. This along with housing shortage has led to rental growth and the projections over the next five years indicate continued job growth as companies such as Apple, Google, Tesla, and other technology companies move back office operations to the business-friendly state of Nevada. Broker believes rents are slightly under market and the current owner has not billed tenants for water, sewer, and trash which has become the industry standard. Water and sewer costs alone comprise around 10% of the gross rental revenue so a savvy operator can implement a metering program and increase cash flow almost immediately while providing an environmentally-friendly program to the tenants. Loan assumption information is below, seller will not defease existing debt so must be assumed with option to supplement with additional agency financing. This will not last long!!!