Mobile Home Park Details

  • Listing ID: 14626
  • Posted On: Jul 20, 2010
  • Updated On: Oct 19, 2010

Description

The structures include:

Main house/office ­ 3140 sq. ft. three bedroom two bath with basement is currently used for the office and owner residence. Extensive remodeling was done in 2007.

Second house - 2000’ two bedroom two bath is a rental.
Three duplexes, have four apartments with two bedroom one bath and two apartments with three bedroom one bath.

Five RV spaces with full hook ups.

Forty three mobile home spaces rented to owner occupied mobile homes.

Three park owned mobile homes are used as rentals.

50’ x 50 ‘mechanical/maintenance Shop with three phase power is used for upkeep on the property.

Laundromat, with attached office space, includes commercial speed queen washers and dryers.

Shopette/general store (700 sq. ft.) for tenant and local patron use.

Well house with 11,000 gallon storage tank. The well is 265 ft deep and includes a new (fall of 2009) commercial duty deep well pump.

Amenities:
A large four tiered fountain is located at the main entrance.
The park is very close to the Saint David K-12 school complex and the main business area.

Landscaping includes many large mature trees such as 120 Pecan trees (valued at $120,000)pear/ peach/ apricot/ plum/ persimmon/ pomegranate trees, mesquite, juniper, cottonwood, weeping willow, hackberry, mulberry, Arizona ash, black walnut, pyracantha, locust and elm.

Smaller plants include: mature rose bushes, iris, cactus, and other misc plants.

The 3700 foot elevation keeps the summer heat to a manageable level and with only a few winter days that drop below freezing, the heating bill stays low.

With just a few storms during the year, the air is dry and very good for those that have health problem such as arthritis or breathing difficulties.

If you like horse riding, four wheeling, bike riding (on or off the roads) on the many miles of trails or just walking along the famous San Pedro river, the wide open spaces, scenic vistas and historic places to explore will give you endless hours of enjoyment.

NUMBERS
I purchased this property as a retirement project. At the time there was a lot of deferred maintenance and a corresponding low income from the property, but I was looking forward to turning the property around and using the income for my retirement. I have accomplished much of the needed repairs, but some of the spaces are still under renovation so the project is not finished. And, unfortunately, due to a bad back, I can no longer do the repairs and maintenance, so it is up for sale. There is a lot of potential on this property.

Potential income from three duplexes, two houses, five RV spaces and 43 mobile home spaces:
Space rents $225/mo
Apartments (2&3 Br) 400 ­ 550/mo
Houses 500 & 750
Total $14,800. (current is ~$10,000)

Approximate monthly owners expenses (gas, elect, trash, taxes, insurance): Total $2200
(on site water well and septic have almost no monthly expenses)
Replacement cost for existing improvements plus land is over $1.7 million

Asking $1.5 million, possible owner financing with large down or 1031 exchange and all reasonable offers considered.

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.

Amenities

  • Laundromat
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Park Information

Number of MH Lots: 43
Total Occupancy: 79.0 %
Year Built: 1955
Average MH Lot Rent: $225
Size: 15 acre(s)

RV Information

Number of RV Lots: 5
Average RV Lot Rent: $225

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 0
Average Rent for Park-owned Homes: $0