Lazy Acres MHP
Lazy Acres MHP
Lazy Acres MHP
Lazy Acres MHP
Lazy Acres MHP
Lazy Acres MHP
Mobile Home Park Details
- Purchase Method: Seller Financing
- Cap Rate: 9.5%
- Listing ID: 456843
- Posted On: Jun 26, 2014
- Updated On: Oct 29, 2014
Description
SELLER FINANCING on this 30 space, all age park. Included in the sale are seven park owned homes. The gas is directly billed by the utility company and the electric is master metered with separate meters at each space. The park pays for water and trash. It is on city water and a septic tank system. The park offers larger size spaces and the upside by filling three vacant spaces and four vacant park owned homes. Seller financing for a qualified Buyer of up to ten years. Residents are unaware that the park is on the market, please don't disturb.
Location
Lazy Acres MHP is located on the southside of Tucson, AZ. It is located near the Tucson International Airport, the Desert Diamond Casino and other major employers.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 30 |
| Total Occupancy: | 77.0 % |
| Year Built: | 1960 |
| Average MH Lot Rent: | $315 |
| Size: | 5 acre(s) |
Financial Information (Actual)
| Gross Income: | $115,595 |
| Operating Expense: | $55,000 |
| Net Operating Income: | $60,595 |
| Expense Ratio: | 47.6 % |
| Debt Info: | none |
Lot Information
| Singlewide Lots: | 30 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 7 |
| Average Rent for Park-owned Homes: | $500 |
