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Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.9%
  • Listing ID: 580377
  • Posted On: Nov 22, 2015
  • Updated On: Apr 30, 2016

Description

A 9.9% Cap Rate & 10% ROI! Quality Snowbird Park with 170 RV Spaces and 69 Mobile Home Spaces with Clubhouse, Laundry & Storage on 22 +/- acres with 15 additional acres for expansion of development! Good Sam Rated 9.0/9.5/7.5!

Contact Broker for a complete marketing package.

Location

Just off the I-10 Freeway - in the Growth Corridor between Phoenix & Tucson - about forty five minutes drive-time - south from Sky Harbor Airport. Unincorporated greater Casa Grande.

Call Broker before visiting the property. Drive by only: do not speak to anyone onsite - management is not aware the park is for sale.

Amenities

  • Laundromat
  • Pool
  • Club House
  • Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: 55 And Over
Year Built: 1987

Financial Information (Actual)

Gross Income: $535,546
Operating Expense: $217,443
Net Operating Income: $318,103
Expense Ratio: 40.6 %
Debt Info: Cash or CTNL