THE SELLER WILL CARRY WITH A $165,000.00 DOWN (30%) PAYMENT AT $385,000.00 @ 6% (FIXED) THE MONTHLY PAYMENT OF $2,309.00 IS BASED ON A 30 YEAR AMORTIZATION AND THE NOTE WILL BECOME DUE & PAYABLE 15 YEARS FROM CLOSE OF ESCROW. This all age community is comprised of a recently renovated single family home, one free standing apartment and 51 mobile home sites, all on city services + water metered. THIS IS NOT AN RV PARK, ALL OF THE HOMES PICTURED ARE PERMANENT!!! All of the homes are tenant owned with the exception of two mobiles in which the owner is filling for abandoned titles. Most of the sites are small but the park is clean, neat and located in the heart of Yuma. The out of state owner has been recently widowed. The 2013 expense factor to gross was 69% because of renovation projects that were completed during the year. The expenses are now stabilized and a new owners expenses should not exceed 45% of the gross. With that said a Cap rate for 2014 will be between 11 & 12.

The park is on the southeast corner of Virginia & 25th street in Yuma. The major intersection which is a block away is 4th Ave. and 32nd Street.