Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Seller Financing
  • Cap Rate: 9.2%
  • Listing ID: 513365
  • Posted On: Mar 14, 2015
  • Updated On: Jun 30, 2015

Description

SELLER FINANCING!!! Asking price is $625,000.00 ($25,000.00 per pad) with a $190,000.00 (30.4%) down, the owner will carry $435,000.00 @ 6% Interest Only (or more) all due 5 years from close of escrow. The property (6.5 acres zoned C-2 & R-5) has front footage on Grand Ave. and is located just south of downtown Wickenburg. The ACTUAL NOI on the sellers 8825 IRS form is $57,624.68 which is a 9.2 Cap. The park is on a SEPTIC SYSTEM and the owner will provide certified Arizona Department of Environmental Quality reports for the purchaser during the due diligence period stating the tanks are functional and in working order. The water system is from a WELL which is located on site. The owner has it monitored on a monthly basis by a state approved company and will submit all related documentation during the due diligence. Wickenburg is one hour drive time from downtown Phoenix. Currently there is a 2,100 unit housing development underway called Trilogy at Wickenburg Ranch.

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Park Information

Number of MH Lots: 25
Size: 7 acre(s)

Utility Information

Water: Well
Water Paid By: Tenant - Submetered
Sewer: Septic

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