Seller Will Finance - 16 Lot Mobile Home Park - San Simon AZ (2 hours east of Tucson)

PROPERTY INFO:
Mobile Home Park available in San Simon, Arizona. That's 2 hours east of Tucson, right off the I-10 freeway. Seller financing available with 10% down. This is a turnaround project. The property currently has several park owned homes, and zero tenant owned homes. There appears to be a need for affordable housing there (like most places). There are pecan farms in the area, cattle ranches, and mines, which should provide a significant need for housing. Lot size almost 7 acres! Lots of potential!

Seller Financing Terms:
* Minimum Down Payment: $24,990
* Total Move-in: $30,000 (down payment plus estimated closing costs and prepaid items)
* Loan Term: 10 years (interest only payments with 10 year balloon)
* Monthly Payment: $1,973 (interest)
* Property Taxes: $28.18/month
* Interest Rate: 9.99%
* APR: 10.04%
* Purchase Price: $249,900

ADDRESS: 2367 W Business I #10 San Simon AZ 85632 (Parcels 303-05-015B and 303-05-015-D)

AREA: Right off the I-10 Freeway, 2 hours east of Tucson, Arizona

LAND: 6.621 Acres

LOTS: 16

PARK OWNED HOMES: At least 6. Consisting of 4 double-wides and 2 pull along campers.

HOMES CURRENTLY RENTED: 3.

CURRENT RENTS: Current rents are $275, $300, and $500. Definitely well below market. (One of the tenants has been there 22 years.)

VACANT HOMES IN RENTABLE CONDITION: 2

OTHER HOMES: 1 is being used for storage, 2 others are rentable but need work

TENANT OWNED HOMES: 0

UTILITIES:
* Septic Tank
* Local Electric: San Simon Electric 800-422-3275
* Local Garbage: 575-524-8482 (Garbage company is out of Wilcox and comes once a week and is 160 a month)
* Local Water: 520-845-2451
* All lots have water and power hookups. The vacant lots are currently on the same power account (?), so would need to be separated if desired.

All information should be verified by the recipient and none is guaranteed as accurate.
Nathaniel Tanner * Owner/Agent * Geneva Real Estate and Investments LLC