Gated RV and mobile home park - all units individually metered 153 North Ocotillo Drive, Apache Junction, AZ 85120

For Sale   Price Reduced     $1,200,000

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Contact Information

Jason Moss

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Mobile Home Park Details

  • Price: $1,200,000
  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 8.4%
  • Listing ID: 6717373
  • Posted On: Sep 4, 2024
  • Updated On: Nov 19, 2024

Description

This listing is for the park located at 153 N Ocotillo Dr Apache Junction, AZ 85120. 153 N Ocotillo Dr is a gated community with a total of 16 lots...9 RV units, 3 stick built homes (including two duplex), 1 manufactured home, 1 tiny home, community laundry room and 12 storage sheds. 4 lots ready for additional units/income potential. All new electrical equipment rerouted underground - all units individually metered - 100 amp pedestals. Park is located within the Phoenix metropolitan area with booming growth - minutes from the 60 and 202 and walking distance to Wal-Mart and Safeway. Proforma numbers in listing. Please see attachments for trailing 12 numbers.

Amenities

  • Laundromat
  • Storage
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Park Information

Community Type: All Age
Total Occupancy: 95.0 %
Year Built: 1950

Financial Information (Pro Forma)

Gross Income: $156,756
Operating Expense: $47,665
Net Operating Income: $101,373
Expense Ratio: 30.4 %

Utility Information

Water: City
Water Paid By: Park
Sewer: City

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