Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Seller Financing
  • Cap Rate: 8.5%
  • Listing ID: 513250
  • Posted On: Mar 12, 2015
  • Updated On: Jun 30, 2015

Description

THE OWNER WILL CARRY $220,000.00 @ 6% INTEREST ONLY (or more) DUE AND PAYABLE 2 YEARS FROM CLOSE OF ESCROW WITH $80,000.00 (27%) DOWN!! There are 9 rent to own contracts that will be transferred to the buyer at closing, all of the titles will be free and clear. Besides the single family home there are 2 rental homes that the owner will also transfer to the buyer at closing and those titles will also be free and clear. There are currently two vacant pads to fill with homes for an immediate upside.
The park is on a SEPTIC SYSTEM and the owner will pay for certification reports that will be issued by the Arizona Department of Environmental Quality that all of the tanks are functional and in working order.

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Park Information

Community Type: All Age
Number of MH Lots: 14
Total Occupancy: 86.0 %
Year Built: 1963
Size: 1 acre(s)

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: Septic