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

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.6%
  • Listing ID: 679480
  • Posted On: Jun 20, 2016
  • Updated On: Feb 7, 2018

Description

Perfect “sunbird” park with 20 permanent residents for year-round income just an hour from Phoenix in the cool pines of Payson. Near Payson County Club, Mazatzal Casino, and other amenities this park is a cash cow with 100% occupancy in the summer months and a stable permanent base in the winter to keep revenue coming in. The park has 49 spaces including many terraced huge spaces that can house any modern rig or accommodate park models. Common area amenities include laundry room, dog walk, barbecues, horseshoe pits, and other campground fun items. Payson is about 20 degrees cooler in the summer than Phoenix and provides two world-class golf resorts and other tourism amenities. Park was purchased two years ago in a distressed state and current owner has spent thousands on marketing, infrastructure, and cosmetic upgrades that make the park a true destination in the pines. Numbers show slightly low due to build up but Oxbow Estates’ location and amenities can compete with any Rim Country RV park and campground. Well and septics will have ADEQ-required inspections prior to closing. Management in place or there is large single family home on-site for owner-operators Backs to BLM land for world class hiking, outdoors activities, star gazing, and ATV rides.

Amenities

  • Laundromat
  • Club House
  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 55
Total Occupancy: 40.0 %
Year Built: 1980
Average MH Lot Rent: $325
Size: 5 acre(s)

Financial Information (Pro Forma)

Gross Income: $173,050
Operating Expense: $82,868
Net Operating Income: $90,182
Expense Ratio: 47.9 %

RV Information

Number of RV Lots: 49
Average RV Lot Rent: $325

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 6
Average Rent for Park-owned Homes: $500