Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 3.5%
- Listing ID: 12461
- Posted On: Jun 2, 2010
- Updated On: Mar 14, 2012
Description
PRICE REDUCED to 200,000 for cash buyers otherwise 240,000.00
Situated on 2.75+/- acres this park has a small 2 bedroom, 1 bath rental house with a small work shop, enclosed patio and carport; and a larger 3 bedroom, 2 bath main residence for the on site owners. It also has a workshop/single car garage. There are 8 mobile home sites (6 filled) and 4 park model/rv sites (2 filled) with storage sheds on most sites. Space rents are $195.00 per month. The cap rate is approx 7.69 and has potential of 16 Cap . Space is available for storage units or several more sites (would have to connect to city sewer to add more sites).
Our tenants are wonderful, and the park is very low maintenance (allowing for offsite managing). In addition, it has a few fruit trees, beautiful sunrise & sunsets, and several species of wildlife. You won�t be disappointed. DO YOUR DUE DILIGENCE.
Feel free to contact Fred at kerr299@yahoo.com
or
Lynn at grammyluvs3@hotmail.com
Location
This small 12 space, 55+ community, is in a quiet, country setting near historic Bisbee, Arizona, and only 22 miles from Tombstone. The park is 5 miles from the Turquoise Valley Golf Course and 32 miles from Sierra Vista.
Amenities
- Storage
Park Information
Community Type: | 55 And Over |
Number of MH Lots: | 8 |
Total Occupancy: | 83.0 % |
Average MH Lot Rent: | $195 |
Size: | 3 acre(s) |
Financial Information
Gross Income: | $23,340 |
Operating Expense: | $6,104 |
Net Operating Income: | $17,263 |
Expense Ratio: | 26.2 % |
Debt Info: | Cash Out |
Lot Information
Singlewide Lots: | 8 |
Park Model Lots: | 3 |
RV Information
Number of RV Lots: | 4 |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | Septic |
Park-Owned Homes
Number of Park-owned Homes: | 0 |
Average Rent for Park-owned Homes: | $425 |