Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 7.5%
- Listing ID: 982187
- Posted On: Aug 22, 2018
- Updated On: Oct 30, 2018
Description
Linda Mesa MHP is a 36 space, all age community, located in Yuma, AZ. The park is 100% occupied and there are no park owned mobile homes. Linda Mesa is on city water and sewer services with the park paying sewer and trash. The residents are directly billed for gas and electric. The park owner has recently installed water meters and will now start charging the residents for water. The streets were recently seal coated and in good condition. There is no Seller Financing, but institutional financing is available. Also, onsite management will make for an easier transition for a new owner.
Location
Linda Mesa MHP is located in the heart of Yuma. The location is convenient to nearby shopping, banks, schools and restaurants. Yuma is home to the Marine Corps Air Station and the U.S. Army Proving Ground. The population in the winter months almost doubles with the number of winter visitors.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 36 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1979 |
| Average MH Lot Rent: | $300 |
| Size: | 2 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $140,000 |
| Operating Expense: | $31,816 |
| Net Operating Income: | $108,608 |
| Expense Ratio: | 22.7 % |
Lot Information
| Singlewide Lots: | 36 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |