Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 12.1%
- Listing ID: 699063
- Posted On: Aug 22, 2016
- Updated On: Sep 14, 2017
Description
This all age community was purchased in January of 2016. It was a distressed sale. The park is comprised of a single family home, duplex, 6 rental mobiles, 4 mobiles for which a contract for sale has been created, 2 tenant owned homes and 2 vacant pads.
This is a good starter property located in a solid Apache Junction area. The city sewer is new. There are 6 mobiles that are direct billed from the electric company and the balance of the property is on a master meter system with a sub meter read back. Spaces 11 & 13 (both vacant) are very small and need to be combined in order to create one space. Space 19, which is vacant, has all hook-ups but needs an electric meter installed.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
Community Type: | All Age |
Total Occupancy: | 83.0 % |
Size: | 1 acre(s) |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | City |