Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 7.8%
- Listing ID: 486126
- Posted On: Nov 25, 2014
- Updated On: Oct 8, 2015
Description
IF YOU ARE LOOKING FOR A TURN KEY PASSIVE INVESTMENT, LOOK NO FURTHER!!
This 55+ community is comprised of 39 tenant owned sites + 2 RV's that pay on a month to month basis. The owner recently black topped the streets, landscaped the front, built a block security wall at the back and painted the clubhouse. The park is serviced by all city utilities and is NOT water metered for an immediate upside. The electric is a MASTER METERED system with a sub meter read back.
The ownership currently has two other parks in the Yuma area. Both properties are 55+ communities, one of which is a park model property of 78 sites and the other an RV Community of 77 sites for a total of 196 sites. They would like to sell all three as a package but will consider selling each one individually.
Amenities
- Laundromat
- Club House
Park Information
Community Type: | 55 And Over |
Number of MH Lots: | 41 |
Size: | 3 acre(s) |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | City |