Contact Information

Mobile Home Park Details

  • Price: $1,695,000
  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 9.7%
  • Listing ID: 6717373
  • Posted On: Sep 4, 2024
  • Updated On: Sep 11, 2024

Description

This listing is for two parks located at 153 N Ocotillo Dr Apache Junction, AZ 85120 and 330 N Saguaro 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. 330 N Saguaro Dr has 7 RV units, two stick built homes, huge workshop/possible duplex conversion, unused RV parking bay along with unused pool. Master metered electric. On city water with private septic (two tanks). Both parks 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 on each park.

Amenities

  • Laundromat
  • Pool
  • Storage
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Park Information

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

Financial Information (Pro Forma)

Gross Income: $249,276
Operating Expense: $72,850
Net Operating Income: $164,082
Expense Ratio: 29.2 %

Utility Information

Water: City
Water Paid By: Park
Sewer: City

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