Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 13.5%
- Listing ID: 880278
- Posted On: Nov 20, 2017
- Updated On: Aug 20, 2018
Description
PRICE REDUCTION, NOW $995,000.000
13.52 CAP!!!!!
Desert Sun Mobile Home Park is a 42 site All Age Community located in Tucson, Arizona. The property was originally built in 1966 and sits on 3.09 acres with a site density of 13.6 spaces per acre. The Park is on all city services. The Park is master metered for electric and water and a sub meter has been installed at each site for electric and water. Current ownership utilizes Spectrum for a monthly utility bill back program. Each unit offers 220 electrical AMP service and gas service is directly billed to tenants. New gas lines were installed in 2004. The Park owns all 42 units. There are currently no homes under contract for sale. 35 of the 42 units have evaporative coolers, while the remaining 7 have A/C units. Approximately 14 of the homes have a washer and dryer in the unit. Desert Sun has an onsite laundry facility with 2 washers and 2 dryers and a mobile unit (#35) that serves as an office with A/C, kitchen and a bathroom/shower. The Park has onsite management and a maintenance yard with 2 storage sheds and has been in the same family for the last 13 years. Desert Sun Mobile Home Park has a desirable north Tucson location giving tenants easy access to freeways, shopping and entertainment.
Amenities
- Laundromat
Park Information
Community Type: | All Age |
Number of MH Lots: | 42 |
Year Built: | 1966 |
Size: | 3 acre(s) |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | City |