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Address is 835 W Main Street Mesa, AZ 85201

Bart & Muriel Hill

The Park Company

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West Mesa Trailer Park

Manufactured Home Community for Sale in Mesa, Arizona

835 W Main Street
Mesa, AZ 85201

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Sale Price: $1,255,000
 

Contact Information

Bart & Muriel Hill
The Park Company

Mobile Home Park for Sale

Number of MH Lots: 42
Size: 1.7 acre(s)
Cap Rate: 12.1%
Purchase Method: Cash, New Loan
Status: Sale Pending
Property ID: 639733
Posted on: Mar 01, 2016
Updated on: Feb 15, 2017
Price: $1,255,000

Property Description

MAJOR PRICE BREAK! Immaculate turn key property located on the corner of Main Street and Extension Road in Mesa, AZ.

A 12.1% cap rate and 21% cash flow to start. Upside in rents. Home/Office for onsite manager plus 41 rental spaces & units. C-zoned 1.7 acre parcel with potential for higher & better use!

Paved Roads & All City Services!

Contact Broker for a complete package!

Location Description

Great corner spot on Main street in Mesa with the Light Rail on the property's doorstep! Desirable Phoenix-metro location! Good Numbers!

Contact Broker for a complete marketing package.

Park Information

Number of MH Lots:42
Total Occupancy:95.0%
Year Built:1955
Size:1.7 acre(s)

Financial Information (Actual)

Gross Income$283,488
Operating Expense$132,058
Net Operating Income$151,438
Expense Ratio 46.6%
Debt Infocash or ctnl

Utility Information

Water:City
Water Paid By: Park
Sewer:City

Amenities and Other

Laundromat: Yes