Lazy Acres MHP
Lazy Acres MHP
Lazy Acres MHP
Lazy Acres MHP
Lazy Acres MHP
Lazy Acres MHP
Lazy Acres MHP
Lazy Acres MHP
Lazy Acres MHP
Lazy Acres MHP
Lazy Acres MHP
Lazy Acres MHP
Lazy Acres MHP
Lazy Acres MHP
Lazy Acres MHP
Lazy Acres MHP
Lazy Acres MHP
Lazy Acres MHP

Mobile Home Park Details

  • Purchase Method: Seller Financing
  • Cap Rate: 9.5%
  • Listing ID: 456843
  • Posted On: Jun 26, 2014
  • Updated On: Oct 29, 2014

Description

SELLER FINANCING on this 30 space, all age park. Included in the sale are seven park owned homes. The gas is directly billed by the utility company and the electric is master metered with separate meters at each space. The park pays for water and trash. It is on city water and a septic tank system. The park offers larger size spaces and the upside by filling three vacant spaces and four vacant park owned homes. Seller financing for a qualified Buyer of up to ten years. Residents are unaware that the park is on the market, please don't disturb.

Location

Lazy Acres MHP is located on the southside of Tucson, AZ. It is located near the Tucson International Airport, the Desert Diamond Casino and other major employers.

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Park Information

Community Type: All Age
Number of MH Lots: 30
Total Occupancy: 77.0 %
Year Built: 1960
Average MH Lot Rent: $315
Size: 5 acre(s)

Financial Information (Actual)

Gross Income: $115,595
Operating Expense: $55,000
Net Operating Income: $60,595
Expense Ratio: 47.6 %
Debt Info: none

Lot Information

Singlewide Lots: 30

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 7
Average Rent for Park-owned Homes: $500