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Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 9.9%
- Listing ID: 580377
- Posted On: Nov 22, 2015
- Updated On: Apr 30, 2016
Description
A 9.9% Cap Rate & 10% ROI! Quality Snowbird Park with 170 RV Spaces and 69 Mobile Home Spaces with Clubhouse, Laundry & Storage on 22 +/- acres with 15 additional acres for expansion of development! Good Sam Rated 9.0/9.5/7.5!
Contact Broker for a complete marketing package.
Location
Just off the I-10 Freeway - in the Growth Corridor between Phoenix & Tucson - about forty five minutes drive-time - south from Sky Harbor Airport. Unincorporated greater Casa Grande.
Call Broker before visiting the property. Drive by only: do not speak to anyone onsite - management is not aware the park is for sale.
Amenities
- Laundromat
- Pool
- Club House
- Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | 55 And Over |
| Year Built: | 1987 |
Financial Information (Actual)
| Gross Income: | $535,546 |
| Operating Expense: | $217,443 |
| Net Operating Income: | $318,103 |
| Expense Ratio: | 40.6 % |
| Debt Info: | Cash or CTNL |