Yucca Trailer Ranch - for Sale in Mesa, Arizona
735 S Country Club Drive
Mesa, AZ 85210
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Mobile Home Park for Sale |
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| Cap Rate: | 11.2% |
| Purchase Method: | Seller Financing |
| Status: | Sold |
| Property ID: | 107785 |
| Posted on: | Nov 07, 2011 |
| Updated on: | Jan 13, 2012 |
Property Description
Yucca Trailer Ranch: 25 Spaces priced at: $399,500 with $99,500 Down to a Seller Carried First (7% / Amtz 30 Yrs / Due 15 yrs). $15,980 per pad / 11.2% Cap Rate / 21% Cash Flow! Low Rents. Substantial Upside in passing thru Utility Costs!
A Land Bank with Cash Flow!!!
Location Description
Located just 15 minutes from Sky Harbor! Property has 172" of Commercial Frontage on Country Club Drive. 43,400 daily traffic count. 1.0 acre zoned C-3.
Financial Information
| Gross Income | $88,359 |
| Operating Expense | $43,465 |
| Net Operating Income | $44,894 |
| Expense Ratio | 49.2% |
| Debt Info | Owner will carry a new 1st Mortgage of $300K at 7% amortized 30 / due in 15 yrs: pmt $1995 mo |