Mobile Home Park Details
- Purchase Method: Seller Financing
- Listing ID: 1373238
- Posted On: Dec 29, 2020
- Updated On: Mar 15, 2021
Description
*Listing Broker: Richard Spreiser, MFI Commercial**
Link to Offering Memorandum & Public Files:
https://drive.google.com/drive/folders/1CYF3mqvstM6L5ByFfdB4ZogogxL_aOlX?usp=sharing
Located right off of Highway 80, just 49 miles from Tucson International Airport, Kokopelli Springs Mobile Home Park, is an owner maintained community home to 56 total units, 43 MH Spaces, 5 RV Spaces, Two Houses, and Three Duplexes. On the property is also a General Store, Garage, and Laundry Facility.
Kokopelli Springs, is a a quiet community, with great upside in both occupancy and rental increases. This property has minimal expenses, as it's water source is 2x Well's, and is on individual septic. Currently Gas and Electric are Master Metered, but billed back to tenants at 1:1.
Store is Grandfathered in, and can have many uses - inventory negotiable in purchase price. Owners are about in process of exterior renovation of 3 Duplexes, all have been scraped, new soffits, prepped for paint, etc. Owner is willing to stay on and aid in transition, and open to management discussions.
Location
Located in low tax Cochise County, Saint David is just a little southeast of Tucson, Az. on state highway 80. With its rural setting, Saint David is quiet, peaceful and a great place to relax in the sun. Many winter tourists stay here during the cold months in the more northern states.
-- 49 Miles from Tucson International Airport!
-- 2 Minute Drive to Dollar General & only less than 9 miles drive to -- --- Safeway Grocery Store!
-- 4 Minute Drive to Bryce Farms
-- 2 Minute Drive to St. David High School
-- Just 16 Minutes Drive to Tombstone Arizona!
Amenities
- Laundromat
- Storage
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 43 |
| Total Occupancy: | 72.0 % |
| Average MH Lot Rent: | $245 |
| Size: | 15 acre(s) |
Financial Information (Actual)
| Gross Income: | $187,630 |
| Operating Expense: | $43,102 |
| Net Operating Income: | $144,527 |
| Expense Ratio: | 23.0 % |
RV Information
| Number of RV Lots: | 5 |
Utility Information
| Water: | Well |
| Water Paid By: | Tenant - Submetered |
| Sewer: | Septic |