Mobile Home Park Details
- Purchase Method: New Loan, Assumable Loan
- Cap Rate: 6.0%
- Listing ID: 987557
- Posted On: Sep 7, 2018
- Updated On: Feb 2, 2022
Description
80 pads + 7 apartments 10 minutes to Sky Harbor Airport and downtown Phoenix. Excellent R-5 max high density Land for development. 5 acres + - Seller will work with the buyer who desires empty R-5 acreage. No onsite manager ever with this owner. Tenants mail in rent.
No Park owned trailers. All utilities paid by Tenants. Minutes to the 202 freeway and 5 minutes to Scottsdale. Very desirable NE Phoenix area.
Google GIS maps drives through the Parks.
Location
A few blocks Near Loop 202 and the I-10 excellent R-5 multifamily high density land value.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 86 |
| Total Occupancy: | 71.0 % |
| Year Built: | 60 |
| Average MH Lot Rent: | $440 |
| Size: | 5 acre(s) |
Financial Information (Actual)
| Gross Income: | $464,000 |
| Operating Expense: | $25 |
| Net Operating Income: | $348,000 |
| Expense Ratio: | 0.0 % |
| Debt Info: | existing 2 loans $1,150,000.00 6.2% assumable |
Lot Information
| Singlewide Lots: | 80 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 8 |
| Average RV Lot Rent: | $395 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |