PRICE REDUCED AS OF 12/3/14!!! THE SELLERS HAVE AGREED TO CARRY PAPER!! This 48 site all age community is just east of the Apache Junction city hall complex. The park is comprised of 4 rental homes, 11 homes that have a contract for sale note, 13 RV sites of which 5 are year round residence and the balance of the spaces are tenant owned. The park is sub metered for water and the other utilities are direct billed. The park is on a SEPTIC SYSTEM and the owners will certify the tanks with an ADEQ inspector during the due diligence process. Down Payment $395,000.00 (34%) and the owners will carry $750,000.00 @ 6% Interest with a monthly P & I Payment of $5,500.00.
Please keep in mind the sellers are wrapping (All Inclusive Note and Deed of Trust) the 2 underlying notes (copies are in my package) in which one of the notes is due in 2020, the other fully amortizes. The monthly P & I Payment of $5,500.00 cannot be lowered and here's why, the first note has a P & I Payment of $3,992.00 and the second note has a P & I payment of $1,277.00 (total $5,269.00) so the wrap payment must exceed both P & I Payments + there has to be room for taxes and insurance and misc title company fees. If you or your buyer wishes to try and negotiate with one or both of these note holders to reduce the debt service we can provide that information as long as we agree on a purchase price and down payment.
The note will due & payable on 5/1/2020 to correspond with the underlying financing . The owners will transfer the titles to all of the homes they own or homes they are carrying a contract for sale. Said titles will be free and clear.

One of the sellers is retiring and the other purchased a business. These guys are true sellers.