Mobile Home Park Details
- Purchase Method: Cash
- Listing ID: 403116
- Posted On: Sep 19, 2013
- Updated On: Dec 1, 2015
Description
SOLD ALL CASH ! ALMOST LISTED TERMS! NEW OWNER AREADY HAS PROPERTY @ 65% OCCUPANCY.
Huge Price reduction! Now $375,000.00 Priced to sell.
29 spaces includes 3 bdrm 2bath house plus studio apt.
Only 6 are currently rented. 8 empty coaches are "rentable"
with minor fix-up. 5 lots are empty. Tenants pay
electric and gas direct to the utility companies and water is
sub metered and paid to the Park. Equal quality MHP's within a mile have
sold for over 30K a space.
Adobe Palms has easy potential of 11K+ a month in gross rents
#4 $500 #6 $535 Studio Apt $450 util incl #15 $150 (manager)
#27 $300 #28 #300 =$2235 monthly income.
Water, Sewer & Taxes Expenses approx. $650 per month
Close proximity to downtown Casa Grande. The Phoenix Mart project under construction will create thousands of new jobs for the city of Casa Grande.
Adobe Palms is across the street from a very nice neighborhood city park.
Tremendous amount of upside with moving in newer used trailers. Needs new owner to purchase trailers, set them up and sell or rent to own to new tenants.
Amenities
- Laundromat
- Storage
Park Information
Community Type: | All Age |
Number of MH Lots: | 29 |
Total Occupancy: | 15.0 % |
Average MH Lot Rent: | $325 |
Size: | 2 acre(s) |
Financial Information
Gross Income: | $26,000 |
Operating Expense: | $7,800 |
Net Operating Income: | $18,200 |
Expense Ratio: | 30.0 % |
Debt Info: | f/c |
Lot Information
Singlewide Lots: | 27 |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | City |