Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 18.0%
- Listing ID: 414495
- Posted On: Nov 15, 2013
- Updated On: May 13, 2014
Description
Price to sell at $ 290,000
All cash or
Seller financing - Cash down: $ 150,000
Possible Assumable loan of $ 140,000 at 5.5% interest only, $641 monthly payment ,existing note due in 8/2017
Price per space: $ 18,125
Current gross rent $ 77,700
Net operating income: $ 52,656
Current Solid Cap rate 18%
13 Mobile Home spaces + 1 House + Duplex
2 acres lot on R3 Zoning
Under market rent
5 Tenant owned Trailer and 7 Park owned mobile can do rent to own
100 % occupied
City water City sewer (No hassle to deal with private well or septic
Tenant pay own electric direct to SRP Electric co
Experienced and reliable manager on-site take care all maintenance
New sewer and water Line
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 for more detail information
Location
Zoning : R-3 Zoning makes a great potential for the possibilities of redeveloping into a small subdivision of multi –units.
Location : Just minutes from Sky Harbor Airport and the Metro Phoenix Downtown Business Center ( Cross Street is S 7th Street )
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 16 |
| Total Occupancy: | 100.0 % |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $77,700 |
| Operating Expense: | $25,044 |
| Net Operating Income: | $52,656 |
| Expense Ratio: | 32.2 % |
Lot Information
| Singlewide Lots: | 13 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |