Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 11.0%
- Listing ID: 520191
- Posted On: May 2, 2015
- Updated On: Nov 4, 2015
Description
Mountain Quail Mobile Home and RV Park is a very clean 92 space 55+ MHRV park on city services with wide paved streets at $1,000,000 Cash or CTNL, a terrific 11.0% Cap Rate on 2015 Numbers. There are 39 Large – 50’ x 100’ – mobile home spaces, and 53 double-size 30’ x 100’ RV Spaces. 80% of the tenants are permanents or long-term returnees. The property boasts wide paved roads and 11 +/- acres, a clubhouse, laundry, showers, carwash and an owner’s mobile home. At just $10,870 per pad, there is upside in the rental rates and utility pass-thrus. The owner poured over $60K in capital improvements into the park in 2014, and another $55K in the summer of 2015!
Additionally, a 35 Space 55+ MHRV Park and a Cafe are available from the same owner. Call Broker before visiting the property.
Contact Broker for a complete package.
Location
This attractive, stable, well managed and immaculate park is located in Quartzsite, Arizona, just 2 hours east of Phoenix on Interstate 10 near the California border. This is the main route between Phoenix and Los Angeles. The town economy is traditionally oriented toward the winter visitor market: while the year-round population is approximately 5,000 people, it swells to as many as 250,000 people when the winter visitors come to town to enjoy the warm, sunny Arizona climate and attend the Annual Gem & Mineral Show, as well as other swap meets & shows that populate Quartzsite’s busy high-season winter calendar. Also, ATV-ing has become very popular here, and there are virtually unlimited possibilities for fun on the hundreds of miles of ATV trails surrounding the town and extending into the western desert. Most of these visitors (and the visitor count can reach 1 million people during the high season) stay in a mobile home or RV park in town.
Amenities
- Laundromat
- Storage
- Club House
Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 92 |
| Year Built: | 1987 |
| Size: | 11 acre(s) |
Financial Information
| Gross Income: | $176,496 |
| Operating Expense: | $66,555 |
| Net Operating Income: | $109,940 |
| Expense Ratio: | 37.7 % |
| Debt Info: | Cash or CTNL |
Lot Information
| Doublewide Lots: | 39 |
| Park Model Lots: | 53 |
RV Information
| Number of RV Lots: | 53 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |