M a r y l a n d W e s t - for Sale in Glendale, Arizona

Broker Information

Property Description

MHRV ADVISORS: This investment is a clean 2 star, all-age mobile home park consisting of 30 spaces, a large 3 bedroom house, studio apartment and laundry room with 5 washers dryers. The streets in the park were just repaved in July 2010. Rents in the park are lower end of the market at just $372 to $400. Gas and Electric is direct billed and with water, trash and sewer is included with rent. Broker believes that water, sewer and trash expense should be passed through to the residents. Several recent capital improvements included a new roof on the house, new AC unit on house, new roof on Apartment/Laundry

The strong, nearly 100% occupancy rate and long term occupancy is due to the parks strong location in the heart of Glendale, AZ just west of Grand Avenue between Bethany Home Road and Glendale Avenue. The park is kept clean and easy to operate with a hands on onsite manager and landscaping company that handles all the grass and trees in the park.

In addition, 6 mobile home notes with payments averaging $200 per month are included in the sale and not factored into the overall return for the park - this adds another +/- $1,200 to the monthly income.

>>> For a full market package please visit our website at http://www.mhrvadvisors.com

Vince Reynolds
(858) 456-5111
reynolds@mhrvadvisors.com

Norman Sangalang
(858) 456-5110
norman@mhrvadvisors.com

Location Description

<< DO NOT CONTACT MANAGER OR DISTURB TENANTS >> Any and all visits must be approved by listing brokers first. For more information please download the full Adobe PDF package from http://www.mhrvadvisors.com or call Vince Reynolds or Norman Sangalang for mobile home and RV parks for sale or refinancing and purchase loans. MHRV Advisors is a full cooperating brokerage firm that openly engourages agent and broker participation on all of our listings