Mobile Home Park Details

  • Purchase Method: Cash, New Loan, Assumable Loan
  • Listing ID: 1188675
  • Posted On: Feb 8, 2020
  • Updated On: Nov 20, 2024

Description

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This Park was neglected for a few years , no marketing or basic maintenance after being left to a family member. Was recently reacquired and updated. Seller has an existing Note on the Property that is a shorter term up to 18 Months while you build your clientele. Price is Firm but Low Capital Needed to Come in Seller can wrap the existing note with a $20,000.00 assignment plus any documentation fees with Title Company . Seller has All Numbers of a Previously Full Park prior to the last family member who did not attempt to maintain the park of manage it .
Asking Price $630,000.00 Plus assignment or Option Fee of $20,000.00 Total $650,000.00 plus any recording or documentation Fees. Buyer can come in with 20K and 1 Payment reserve Deposit to takeover this Park
The Parks 32 Spaces a Looking for a Great Retirement Business. Live on Site and Operate a Great RV Park , Open a Store Or Restaurant, this location is zoned also for Alcohol so a business can apply for a Liquor License. This is a Fun Town to Operate In
Park has some Full Time Tenants and a Reserved Area for The Busy Seasonal RV Business, Huge Hunting area Brings in Riggs all winter Long. Generally Full all Winter. Park also Has a Busy AirBNB with a 1 Bedroom Cottage in the Back. Restaurant Pictures are from the sellers previous Management. Seller has prior Income records showing the Income before this park was mismanaged. Since this time Rents have actually Increased. An accurate Proforma shows and income of over 115K per year with todays prevailing rates

Location

Arivaca is a Scenic Historic Southern Arizona Town. Its a favotite drive for people in the Area, It is know for Ghost Towns, Rock-hounds, and has a Huge Hunting Following, Hunters fill the park all winter long. Its a great town to live in , this park has steadily Busy when Managed by someone who knows how to run a park. It is the Only Legally zoned RV Park in Arivaca and was fully permitted and engineered when built

Amenities

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

Park Information

Community Type: All Age
Number of MH Lots: 32
Total Occupancy: 10.0 %
Average MH Lot Rent: $500
Size: 5 acre(s)

Financial Information (Actual)

Gross Income: $89,094
Operating Expense: $45,563
Net Operating Income: $58,208
Expense Ratio: 51.1 %
Debt Info: 18 Month Lease Option or Wrap Existing Loan while you Refinance

Lot Information

Park Model Lots: 32

RV Information

Number of RV Lots: 32
Average RV Lot Rent: $500

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 1
Average Rent for Park-owned Homes: $150