Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan, Assumable Loan
- Cap Rate: 13.0%
- Listing ID: 357112
- Posted On: Jan 7, 2013
- Updated On: Apr 18, 2013
Description
Great investment opportunity knocks !
A solid 13% Cap rate for this 16 spaces ,including one 2 bedrooms 1054 sqft single family house & all 15 Long Term Tenants owned occupied Trailers !
4 tenants have rent to own contract until 2017.
Price at $350,000 . 100K cash down .
Seller finance $250K at 6% interest only , due in 4 years. Monthly payment at $1,250
Cap rate : 13% Cash on Cash return : 32% !
Total income = $72,360 Total Expenses = $25,596
NET OPERATING INCOME = $46,764
Great positive cash flow +City water+ City sewer + All Tenant owned Trailers+ An experienced on-site manager available for rent collection & very less maintenance work = Absentee investor's dream investment !
Contact or Text Owner at (559) 356-4399
or email at wongpa333@comcast.net
Buyer’s Agent commission @ 3 % of sale price or negotiable.
Location
: Near Airport on South west side of Tucson. New apartments1/4 miles away. 8 miles away Downtown of Tucson.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 16 |
| Total Occupancy: | 90.0 % |
| Size: | 1 acre(s) |
Financial Information (Actual)
| Gross Income: | $72,360 |
| Operating Expense: | $25,596 |
| Net Operating Income: | $46,764 |
| Expense Ratio: | 35.4 % |
| Debt Info: | asumable loan |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |