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Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Seller Financing
  • Cap Rate: 11.8%
  • Listing ID: 866885
  • Posted On: Oct 9, 2017
  • Updated On: Oct 31, 2017

Description

REDUCED $100,000 AND WITH SELLER FINANCING; Lazy Acres MHP is a 30 space, all age park located on the south of Tucson, AZ. There are 24 currently occupied spaces and only one park owned home. Utilities are gas directly billed to the resident, electric is master metered with separate meters at each space. The park has it's own well with a back up to City of Tucson water and is on a septic tank system. The park pays for water, sewer and trash. A portion of the property is in the Erosion Zone. This will limit the replacement of a mobile home to an RV on a move out. The out of state Seller is motivated and is open to offers

Location

Lazy Acres MHP is located in a rural setting on the south side of Tucson. It is located near the Tucson International Airport, Desert Diamond Casino, Raytheon Systems and other major employers.

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Park Information

Community Type: All Age
Number of MH Lots: 30
Total Occupancy: 80.0 %
Year Built: 1973
Average MH Lot Rent: $340
Size: 5 acre(s)

Financial Information

Gross Income: $116,000
Operating Expense: $59,796
Net Operating Income: $56,205
Expense Ratio: 51.5 %
Debt Info: None

Lot Information

Singlewide Lots: 30

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 1
Average Rent for Park-owned Homes: $250

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