Mobile Home Park Details
- Purchase Method: Seller Financing
- Cap Rate: 7.6%
- Listing ID: 456844
- Posted On: Jun 26, 2014
- Updated On: Nov 6, 2014
Description
SELLER FINANCING!! Walnut Grove Mobile Home Park is a 64 unit, all age park. The park is comprised of 57 mobile home spaces, six RV size spaces and a one bedroom single family house. Included in the sale are 26 park owned homes. The park offer hugh upside potential by filling vacant spaces and homes. The utilities are gas and electric directly billed to the resident. The park pays for water, sewer and trash. The apartments located adjacent to the park are not included in the sale. There is Seller financing to a qualified Buyer. At the present time there are 13 vacant homes and 15 vacant spaces. This is not a run down property with junk mobile homes. Residents and managers are unaware that the park is available, so please don't disturb
Location
Walnut Grove Mobile Home Park is located in Sierra Vista, AZ. Sierra Vista is 70 miles southeast of Tucson, AZ. It is the home of Fort Huachuca, a US Army base. The 2012 population was 46,000.
Amenities
- Laundromat
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 64 |
| Total Occupancy: | 55.0 % |
| Year Built: | 1961 |
| Average MH Lot Rent: | $300 |
| Size: | 8 acre(s) |
Financial Information (Actual)
| Gross Income: | $178,052 |
| Operating Expense: | $77,571 |
| Net Operating Income: | $100,481 |
| Expense Ratio: | 43.6 % |
| Debt Info: | none |
Lot Information
| Singlewide Lots: | 57 |
RV Information
| Number of RV Lots: | 6 |
| Average RV Lot Rent: | $300 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 26 |
| Average Rent for Park-owned Homes: | $542 |