Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 12.6%
  • Listing ID: 422446
  • Posted On: Jan 24, 2014
  • Updated On: Dec 30, 2021

Description

Great investment opportunity!! 12.65% cap rate based on Actuals!! Section 8 Qualified!! La Verde Mobile Home Park consists of 14 units, (4) 1 bed/ 1 bath, (7) 2 bed/ 1 bath, (1) 3 bed/ 2 bath, and 2 of which are tenant owned. Park typically maintains below a 5% vacancy rate! Long Term Residents and Proven/Steady Cash Flow. This property has been very well managed and has a strong rental history. Well Maintained Park.

PARK IS ALSO AVAILABLE AS A PACKAGE WITH AN ADDITIONAL 2 PARKS CONSISTING OF A TOTAL OF 65 UNITS AT 1.5M.

**PLEASE DO NOT DISTURB TENANTS! CONTACT LA FOR SHOWINGS!!

Location

Head north on I-10 toward Exit 198, Take exit 198 for Jimmie Kerr Boulevard, Turn right onto AZ-84 W/W Jimmie Kerr Blvd/E Main St, At the traffic circle, take the 1st exit onto N Casa Grande Ave, Continue onto E 2nd St, Continue onto N Pinal Ave, Turn left onto W McMurray Blvd, Turn left onto N French St,
Destination will be on the left.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 14
Total Occupancy: 95.0 %
Year Built: 1975
Size: 1 acre(s)

Financial Information

Gross Income: $69
Operating Expense: $26
Net Operating Income: $41
Expense Ratio: 37.7 %

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City