Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 6.9%
- Listing ID: 816625
- Posted On: May 24, 2017
- Updated On: Aug 9, 2018
Description
Tumbleweed Mobile Home Park is a 55 site all age community located in Yuma, Arizona. The park consist of 52 sites with full hook ups, a duplex and one stand alone building. The duplex has a 2bd/1ba unit + a studio, the stand alone building houses a laundry and a studio. There are 25 park owned mobile homes. Sites 1-42 are direct billed electric and sites 43-57 are on a master meter. The sites have water meters however the current owner includes water, sewer and trash with the rent. There are only 5 sites serviced by gas along with the laundry building.
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Park Information
Community Type: | All Age |
Number of MH Lots: | 55 |
Total Occupancy: | 82.0 % |
Year Built: | 1960 |
Size: | 4 acre(s) |
Financial Information (Actual)
Gross Income: | $184,879 |
Operating Expense: | $105,645 |
Net Operating Income: | $79,234 |
Expense Ratio: | 57.1 % |