Mobile Home Park Details
- Purchase Method: Seller Financing
- Listing ID: 868416
- Posted On: Oct 13, 2017
- Updated On: Jan 4, 2018
Description
SELLER TERMS: OWNER AGREES TO CARRY $300,000.00 (DOWN PAYMENT $175,000.00) AS FOLLOWS:
OPTION #1: FOR THE FIRST 24 MONTHS (2 YEARS) FROM CLOSE OF ESCROW THE MONTHLY PAYMENTS WILL BE 4% INTEREST ONLY ($1,000.00) BEGINNING YEAR 3 THE PAYMENTS WILL BE AT 4.5% ($3,100.00) AND WILL FULLY AMORTIZE OVER 10 YEARS WITH NO BALLOON PAYMENT.
OPTION #2: THE INTEREST WILL BE 5% (FIXED) AND THE MONTHLY PAYMENT OF ($1,980.00) IS BASED ON A 20 YEAR AMORTIZATION. THE NOTE SHALL BECOME DUE AND PAYABLE 10 YEARS FROM CLOSE OF ESCROW.
THE MILES LAST RV RESORT IS LOCATED ON THE NORTH SIDE OF 32ND STREET, JUST WEST OF ARABY ROAD IN YUMA, AZ. THIS IS A PERFECT STARTER PROPERTY WITH TREMENDOUS UPSIDE. THE OWNERS CURRENTLY LIVE ON SITE HOWEVER THEY HAVE BEEN ON THE ROAD OVER THE LAST 2 YEARS WITH THEIR HIGH PERFORMANCE RACING BUSINESS. WITH THAT SAID THERE INCOME HAS DROPPED DRAMATICALLY. SOMEONE WITH RENOVATION AND RV PARK OWNERSHIP EXPERIENCE CAN TURN THIS THING AROUND QUICKLY!! THE OWNERS ARE MOTIVATED TO SELL AND WANT TO MOVE OUT OF STATE.
Amenities
- Laundromat
- Pool
- Club House
Park Information
Community Type: | All Age |
Size: | 2 acre(s) |
RV Information
Number of RV Lots: | 40 |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | Septic |