Now $2.795M Sedona MHP - for Sale in Sedona, Arizona

Arizona 179
Sedona, AZ 86336
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Sale Price: $2,795,000

Broker Information

Vince Reynolds Norman Sangalang
MHRV Advisors
www.mhrvadvisors.com

Mobile Home Park for Sale

Cap Rate: 9.3%
Status: Active
Property ID: 120633
Posted on: Feb 17, 2012
Updated on: Feb 17, 2012
Price: $2,795,000

Property Description

MHRV ADVISORS: Prime Sedona location directly on Oak Creek. The park can continue to operate “As Is” or as a more conventional park by selling the homes back to the residents. The park currently owns nearly all the homes or keeps spaces vacant (but fills with short term RV’ers for income) to maintain as much control of the spaces for future conversion or reversion to park use.

However, to take full advantage of this prime location a new owner could should consider transitioning the park into a “Higher End” operation or even redevelopment into condos which is viable since the park already owns and controls nearly all of the homes. The property had prior approval for 47 condos units.

On both city water and sewer the spaces are direct billed for electric and gas. The park does not currently charge for water, sewer or trash. The park is along Oak Creek on one side and on the other is State Route 179 which was completely renovated.

>>> 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