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Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 13.3%
- Listing ID: 416746
- Posted On: Nov 28, 2013
- Updated On: Dec 24, 2014
Description
Fantastic Deal! 230 Space RV Park on 14.27 Acres with Great Main Street Location! 110 Long Term Tenants! City Services! 13.3% Cap Rate on 2013 Actuals! 2.6 x Gross! Just $3,913 per pad!
See attached Marketing Flyer for more info.
Location
With Commercial Zoning, 240' of Frontage on Main and 660' of Frontage on the I-10 (the Freeway between Phoenix and Los Angeles) this property is a Land Bank with Cash Flow!
Drive By Only! Save Questions for Broker.
Amenities
- Laundromat
- Storage
- Club House
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Total Occupancy: | 75.0 % |
| Year Built: | 1983 |
| Size: | 14 acre(s) |
Financial Information (Actual)
| Gross Income: | $350,144 |
| Operating Expense: | $230,037 |
| Net Operating Income: | $120,107 |
| Expense Ratio: | 65.7 % |
RV Information
| Number of RV Lots: | 230 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | City |
