Desert Sky MHP
5 unit Apartment
Desert Sky MHP
Desert Sky MHP Lot Layout
Desert Sky MHP Flyer
Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 11.2%
- Listing ID: 416562
- Posted On: Nov 26, 2013
- Updated On: Dec 30, 2021
Description
Nice and Clean property with 8 mobile homes and 5 apartments.
The mobile home park has undergone major rehab over the past 3 years.
Desert Sky is in a strong rental area and is located just blocks from the Southern Arizona VA Hospital and shopping centers. The park bills back for water and sewer. All City Utilities! This park makes for a very easy to operate and maintain investment. Gross Rent is based on Proforma. This is a fantastic property with upside potential for new owner!
TAKE ADVANTAGE OF THIS GREAT OPPORTUNITY!!
11% CAP RATE with Seller Financing!!!
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 13 |
| Total Occupancy: | 70.0 % |
| Year Built: | 1948 |
| Average MH Lot Rent: | $424 |
| Size: | 1 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $68,463 |
| Operating Expense: | $16,834 |
| Net Operating Income: | $28,487 |
| Expense Ratio: | 24.6 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 13 |
| Average Rent for Park-owned Homes: | $424 |