Great development opportunity! Pencils extremely well with a 10% cap rate based on 2019-2020 collected income and expenses from sellers audited financials.

Mobile Home Park corner of Elmore and Lore, next to Whitehawk. Nearly 5 acres of usable land with 24 trailers, 1 single family, large shop. 14 pay space rent, 11 seller-owned. Tenants pay all utilities. MOA Grandfathered. Seller states 'soils consist of large, marketable quantities of gravel'. Future SFR subdivision? Close to Far North Park/BLM, EZ access to UAA/APU.

Additional storage buildings come with the property, including a 10x50 storage unit w/ garage door, a Quonset hut 15'x20' deep, a well house, a large fenced storage yard with access gates. Most have electricity.

One well for the entire park. Pipe believe to be 2.25' wide. Excellent water pressure, and always passes Anchorage Well & Pump inspections.

Several sewer systems upgraded. About 50% of the trailers share a septic system, and the rest have individuals. All serviced and pumped as needed by Anchorage Well and Pump.

Seller will consider carrying a small 2nd, leaving only 20% down for qualified borrower. Property pencils VERY well. DEC letter on file w/ approval of onsite well and septic systems, but city utilities adjacent. All tenants and space renters pay an additional $58 per month towards utilities and general maintenance. ALL owned trailers well maintained and improved.