Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 8.0%
- Listing ID: 831879
- Posted On: Jul 13, 2017
- Updated On: Oct 18, 2017
Description
Grande Vista Mobile Home Community consists of 50 spaces in an all ages community as well as a seasonal RV Park & Self Storage business on 6 over acres in Wilcox, AZ. The property has excess land available to add more unit pads. The Self Storage consists of over 127 units secured with perimeter fenced with controlled access gates. An on-site laundry facility provides an additional income stream. The property is located close by the Northern Cochise Community Hospital, Town of Wilcox Police Department and Fire Station #2, Keller Park & Recreation Center, supermarket and restaurants. The owner's double-wide mobile home conveys creating an opportunity for increased income.
Well Maintained "Pride of Ownership" Property
City Water and Sewer Connections
New City Maintained Natural Gas Lines
120 Newly Built Self Storage Units
3 Diverse Revenue Streams W/
16 Mobile Home/34 RV Spaces/w Full Hook Ups and 127 Self Storage Units
Location
The property is located approximately 1 hour east of Tucson and 3 blocks off of Interstate 10. Situated in a quiet section of the Town of Wilcox, AZ with no I-10 highway traffic noise.
Amenities
- Laundromat
- Club House
- Storage
- Handicap Accessible
Park Information
Community Type: | All Age |
Number of MH Lots: | 50 |
Total Occupancy: | 85.0 % |
Year Built: | 1965 |
Average MH Lot Rent: | $600 |
Size: | 6 acre(s) |
Financial Information (Actual)
Gross Income: | $189,000 |
Operating Expense: | $69,932 |
Net Operating Income: | $119,068 |
Expense Ratio: | 37.0 % |
Lot Information
Singlewide Lots: | 15 |
Doublewide Lots: | 1 |
Triplewide Lots: | 0 |
Park Model Lots: | 1 |
RV Information
Number of RV Lots: | 34 |
Average RV Lot Rent: | $32,512 |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | City |
Park-Owned Homes
Number of Park-owned Homes: | 12 |
Average Rent for Park-owned Homes: | $600 |