Photo of Trailer Park
Photo of Trailer Park
Photo of Trailer Park
Photo of Trailer Park
Photo of Trailer Park
Mobile Home Park Details
- Purchase Method: Seller Financing
- Cap Rate: 11.2%
- Listing ID: 107785
- Posted On: Nov 7, 2011
- Updated On: Jan 13, 2012
Description
Yucca Trailer Ranch: 25 Spaces priced at: $399,500 with $99,500 Down to a Seller Carried First (7% / Amtz 30 Yrs / Due 15 yrs). $15,980 per pad / 11.2% Cap Rate / 21% Cash Flow! Low Rents. Substantial Upside in passing thru Utility Costs!
A Land Bank with Cash Flow!!!
Location
Located just 15 minutes from Sky Harbor! Property has 172" of Commercial Frontage on Country Club Drive. 43,400 daily traffic count. 1.0 acre zoned C-3.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Financial Information
| Gross Income: | $88,359 |
| Operating Expense: | $43,465 |
| Net Operating Income: | $44,894 |
| Expense Ratio: | 49.2 % |
| Debt Info: | Owner will carry a new 1st Mortgage of $300K at 7% amortized 30 / due in 15 yrs: pmt $1995 mo |