Photo of Mobile Home Community
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 13.5%
- Listing ID: 70099
- Posted On: May 27, 2011
- Updated On: Nov 1, 2011
Description
Price Reduced! Just $20,833 per pad! / Cash or CTNL / Property Shows a 13.5% Cap Rate with 26% Cash Flow at List Price & Terms!
Super little 60 Space Cash Flow Machine on 7 acres with Highway Frontage! County plans to Signalize the Corner!
Location
Located at Central Avenue and Highway 69 in Mayer AZ - in a significant growth corridor - just 20 minutes south of Prescott!
For Complete Details download the linked Marketing Prospectus.
Amenities
- Laundromat
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 60 |
| Total Occupancy: | 95.0 % |
| Year Built: | 1957 |
| Average MH Lot Rent: | $383 |
| Size: | 7 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $270,900 |
| Operating Expense: | $101,898 |
| Net Operating Income: | $169,002 |
| Expense Ratio: | 37.6 % |
| Debt Info: | Assume 1st TD / or CTNL |
Lot Information
| Singlewide Lots: | 53 |
| Doublewide Lots: | 0 |
RV Information
| Number of RV Lots: | 7 |
| Average RV Lot Rent: | $288 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Treatment Plant |
Park-Owned Homes
| Number of Park-owned Homes: | 9 |
| Average Rent for Park-owned Homes: | $518 |
