Mobile Home Park Details
- Purchase Method: New Loan
- Cap Rate: 6.6%
- Listing ID: 520350
- Posted On: May 5, 2015
- Updated On: Jul 8, 2015
Description
This park is located in the Phoenix Mmetro areaThere are 62 double wide Mobile Home spaces and 152 large RV spaces and storage area. The park is serviced by well water and septic sewer, both systems are modern and should provide many years of maintenance only operations. All 214 spaces are directly billed by APS so there is no sub metering, billing or maintenance required by the park. The park was finished in 2009 with cement streets needing little or no maintenance. There are 2 smaller rec buildings and a large community center, built in 2009, with a workout center and large area for the tenant activities.
The storage property, next to the park was purchase and finished in 2011, SHUFLEBOARD, BACHE BALL, PITCH AND PUTTING GREENS ALONG FRONT OF PARK.
OWNER IS INSTALLING A PICKLE BALL COURT THAT TENANTS ASKED FOR THIS SUMMER.
Location
Skyline Resort is located in the booming town of San Tan Valley/Queen Creek, located southeast of Phoenix and Mesa. Within five miles, over 40,000 homes in many different subdivisions. THERE IS A NEW HOSPITAL and RESTURANTS AND SHOPPING JUST 5 MILES FROM THE PARK, . The population of Queen Creek/ San Tan Valley has essentially tripled since 2000. Plans for a new freeway just east of the park should continue to bring new residents and visitors to the area. Skyline Drive will be a major thoroughfare for east and west bound traffic in San Tan Valley.
Amenities
- Laundromat
- Storage
- Club House
Park Information
| Community Type: | 55 And Over |
| Total Occupancy: | 98.0 % |
| Year Built: | 2006 |
| Average MH Lot Rent: | $318 |
| Size: | 39 acre(s) |
Financial Information
| Debt Info: | Need new loan |
Lot Information
| Doublewide Lots: | 62 |
| Park Model Lots: | 152 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |