Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 16.0%
- Listing ID: 422444
- Posted On: Jan 24, 2014
- Updated On: Dec 30, 2021
Description
REDUCED PRICE! MOTIVATED SELLER!!
Nice small clean park consisting of 8 units. All units have concrete covered parking and 2 units come with a storage shed. Asphalt roads and large matured trees. Property is surrounded by a wooden fence properly inclosing the area. An amazing 16% CAP based on Actuals. Low maintenance, easily managed!!
*All units are on swamp coolers
*Master metering with bill back on water, sewer and trash
*Direct billing for Electric and Gas
*Assumable $125,000 loan with a qualified buyer
SELLER CARRY AVAILABLE!!!!
PLEASE DO NOT DISTURB TENANTS!!
OWNER IS A LICENSED REAL ESTATE BROKER IN ARIZONA!
Location
Head south on S Alvernon Way toward E Concord Stravenue, Turn right onto E Drexel Rd, Turn right onto S Bonney Ave Destination will be on the right.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 8 |
| Total Occupancy: | 75.0 % |
| Average MH Lot Rent: | $445 |
| Size: | 1 acre(s) |
Financial Information
| Gross Income: | $47 |
| Operating Expense: | $8 |
| Net Operating Income: | $28 |
| Expense Ratio: | 17.0 % |
Lot Information
| Singlewide Lots: | 7 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 6 |
| Average Rent for Park-owned Homes: | $445 |