Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Listing ID: 124490
- Posted On: Mar 25, 2012
- Updated On: May 18, 2012
Description
Tenants lease the land for 300/month each. 14 spaces, 12 rented out, 2 empty spaces (no homes), so park is 100% occupied. Homes owned by tenants. Some utilities paid by park owner. Seller will carry with $30,000 down, 5.5% 20 years = $750/month approx. That's the best deal--won't go lower on a carryback.
To clear up the financial numbers--there are 15 total spaces in the park. There on only 11 homes in the park (2 of the "spaces" are actually efficiency studios, but it is hard to show in the spaces provided for this listing to describe this. It is a site built duplex). There 4 additional mobile home spaces, with utilities TO the spaces. The park is 100% full, but you can add 4 more trailers with little expense to the ground, in which case the PRO FORMA #'s would look a whole lot better than even the numbers above show. The financial numbers shown in this listing are ACTUAL numbers, NOT pro forma.
Great investment! To buy this potential, and be able to make some changes for only $750/month may be the craziest offer from a seller I've EVER seen!!! Call me for my information, but see the videos to get a really good look at the park itself and the City of Willcox. Although the city is only about 5,500 people strong, it supports nearly 50,000 individuals, as it has the closest hospital, grocery stores, restaurants, wineries, and more within about a 90 mile radius. Check it out!!!
WILLCOX VIDEO LINK: http://www.youtube.com/watch?v=xgH52D2erQE&feature=colike
SUN VALLEY MOBILE HOME PARK VIDEO:
http://youtu.be/TpbIbmR0284
Location
Willcox, Arizona, which is about 1 hour southeast of Tucson. A very solid, constantly growing area, and Willcox supports about 50,000 people with its' hospital, grocery stores, schools (all grades), post office, restaurants and more. Even a Starbucks! See the VIDEO links above to get a very good idea of what the City and the Park looks like.
Denise (623) 755-8000
Amenities
- Storage
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 15 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $300 |
| Size: | 5 acre(s) |
Financial Information (Actual)
| Gross Income: | $35,000 |
| Operating Expense: | $14,000 |
| Net Operating Income: | $21,000 |
| Expense Ratio: | 40.0 % |
| Debt Info: | $30,000 down OWC 5.5% |
Lot Information
| Singlewide Lots: | 12 |
| Doublewide Lots: | 3 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |