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
  • Cap Rate: 16.1%
  • Listing ID: 460775
  • Posted On: Jul 31, 2014
  • Updated On: Dec 30, 2021

Description

Chimney Ranch Mobile Home Park consists of 60 mobile home spaces 45 of which currently have a home on situated on 7.36 acres zoned R1-12/SP (park is grand-fathered in per County P&Z) with 3000’ +- frontage on Highway 69 in
the corridor to Prescott. The property is served by: Arizona Public Service - Electric; Onsite Well - Water; Onsite Waste water Treatment Plant - Sewer; Waste Management - Trash; & Qwest - Phone. Roads consisting of both gravel and paved.
Space rents currently average approx. $350 + E per mo. including W/S/T.
Notes: No Seller Warranties: Real and Personal Property being sold in “as-is, where-is” condition.
CAP Rate of 16.12% is based on 2013 P&L statement with a annual income of $89,581.
Mayer is located about 60 miles northwest of Metro-Phoenix, 25 miles southeast of Prescott, and just 8 miles west of the Highway 69 exit off the I-17 in Cordes Junction.

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Park Information

Community Type: All Age
Number of MH Lots: 60
Size: 7 acre(s)

Financial Information (Actual)

Gross Income: $198,420
Operating Expense: $89,581
Net Operating Income: $108,839
Expense Ratio: 45.1 %

Utility Information

Water: Well
Sewer: Treatment Plant