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Address is 5755 S Fontana Ave Tucson, AZ 85706

Patrick Wong

Willway 3, LLC

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Fontana Trailer Park ( 15 spaces + House )

Mobile Home Park for Sale in Tucson, Arizona - Price Reduced!

5755 S Fontana Ave
Tucson, AZ 85706

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Sale Price: $230,000
Photo of Mobile Home Park
Photo of Mobile Home Park
 

Contact Information

Patrick Wong
Willway 3, LLC

Mobile Home Park for Sale

Number of MH Lots: 15
Size: 1 acre(s)
Cap Rate: 18.0%
Purchase Method: Cash, Seller Financing, New Loan, Assumable Loan
Status: Active
Property ID: 370944
Posted on: May 02, 2013
Updated on: Apr 03, 2014
Price: $230,000

Property Description

Price just reduced from $250,000 to $230,000! (Price to sell)

All cash or
Seller financing - Cash down: $ 110,000
Assumable loan of approximate $ 120,000 at 6% Interest only, $600 monthly payment , existing note due in 8/2017
or re-negotiable with 1st note holder

Price per space: $ 14,375
Current gross rent $ 56,820
Net operating income: $ 42,012
Current Solid Cap rate 18%
Potential Cap rate: 22 %

15 Trailers spaces + 1 House
Approximate I acre lot
Long Term Tenants
11 Tenant owned Trailer and 4 rent to own
80 % occupied
City water City sewer
Tenant per own electric per individual meters

Experienced and reliable manager on-site
Very low maintenance Park
Absentee owner dream Park

(Please do not speak to anyone on-site and Tenants do not know the property is for sale. *** Drive-by only please! *** )

Owner / Seller (559) 356-4399 Direct or Text
Email address: wongpa333@gmail.com

Location Description

Directions to Park : Old Nogales Highway to Drexel West to South Fontana.

Park Information

Number of MH Lots:15
Total Occupancy:85.0%
Average MH Lot Rent: $295
Size:1.0 acre(s)

Financial Information (Actual)

Gross Income$56,820
Operating Expense$14,808
Net Operating Income$42,012
Expense Ratio 26.1%
Debt Info assumable 1st Loan

Lot Information

Singlewide Lots:16

RV Information

Number of RV Lots:15
Average RV Lot Rent: $295

Utility Information

Water:City
Water Paid By: Park
Sewer:City

Park-Owned Homes

Number of Park-owned Homes:0

Amenities and Other

Storage: Yes