Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, Assumable Loan
- Cap Rate: 9.4%
- Listing ID: 422758
- Posted On: Jan 27, 2014
- Updated On: Dec 30, 2021
Description
Tucson Palms is a Nice and Well Maintained RV Park!
GREAT LOCATION in Tucson (right off 10 fwy, Prince exit).
SELLER FINANCING (with $270K Down)!!
Motivated Seller, would offer better terms with All Cash Sale.
***NOTE: Proforma on Expenses due to utilities
adjustment to new Buyer's mode of operation.***
Tucson Palms RV Park is an 81-Space all-age RV Park, consisting of RV’s and park models. Amenities include: remodeled swimming pool, clubhouse, park office, full laundry room, new restrooms/showers, an attractive common area, Desert Landscaping and high-speed WIFI Internet.
Brick Clubhouse with attached 2500 sq ft, 3BR/2BA Home for Owner or Manager!!
Park upgrades include paved roads, desert landscaping, wrought-iron fencing, newer irrigation system t/o park, remodeled pool area. Upgraded electrical system installed with 50-30-20 amp service provided, upgraded copper underground wire, newer 50-Amp pedestals and meters. Park is “turn-key” and ready for new owner.
All spaces are sub-metered. Electric is billed back to residents (except daily/weekly RV Guests).
City Utilities; Water, Sewer & Trash are included in base rent.
Park has spacious RV lots to accommodate "Pull Throughs" & Park Models. The park attracts many RV'ers due to its convenient location and serene environment. This park consists of a mixture of long-term residents & short-term RV travelers.
Due to strong Tucson rental market, Owner can bring in “Park-Models” for Rent and/or Sale to local residents or Snowbirds. Tucson Palms can achieve 90%+ Occupancy “Year Round”. This would increase the net income greatly and offer the new buyer tremendous upside income potential!!
Amenities
- Laundromat
- Pool
- Storage
- Club House
Park Information
Community Type: | All Age |
Number of MH Lots: | 81 |
Total Occupancy: | 75.0 % |
Year Built: | 1958 |
Average MH Lot Rent: | $325 |
Size: | 4 acre(s) |
Financial Information (Pro Forma)
Debt Info: | $330,000 Assumable Loan |
Lot Information
Park Model Lots: | 77 |
RV Information
Number of RV Lots: | 81 |
Average RV Lot Rent: | $325 |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | City |