Located near countless commercial developments including the new Sam Fox “Yard” development on with high traffic Grant Road frontage this 1-2* star park in Tucson offers an investor a below cost replacement large upside deal due to low rents and high vacancy. Market is a 85-90% occupancy for this level of property and Adobe is currently at 55% despite more advertising opportunity due to location. Utilities are also metered however collections are very low. Broker recommends evicting problem tenants, cleaning up common areas, and filling to reach market occupancy and rents. Same park sold in 2008 for $1.35m so there is plenty of upside of an experienced investor to make a great return flipping after stabilization. Midtown Tucson is generally considered a $300 lot rental market and rents are currently at $255 – $280. Additional easy to rehab apartment units offer more upside once filled. There is only one empty space with no mobile unit. Roughly half of the spaces are smaller and only 30amp so smaller units and park models will be necessary moving forward however as a family worker park this should not be an issue. Commercial developments within one mile include Walmart, Fry’s, Circle K, McDonald’s, and countless restaurants and shopping. Less than two miles from University of Arizona. The park will likely lose 4-8 spaces if a Grant Road widening occurs however City of Tucson has informed seller full market value will be given for that section of parcel with an additional $30,000 for front wall and signage replacement.