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Address is 10055 Highway 69 Mayer, AZ 86333

Bart & Muriel Hill

The Park Company

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Chimney Ranch Mobile Home Park

trailer park for Sale in Mayer, Arizona

10055 Highway 69
Mayer, AZ 86333

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This Mobile Home Park is Sold

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Mobile Home Park for Sale

Number of MH Lots: 60
Size: 7 acre(s)
Cap Rate: 13.5%
Purchase Method: Cash, New Loan
Status: Sold
Property ID: 70099
Posted on: May 27, 2011
Updated on: Nov 01, 2011

Property Description

Price Reduced! Just $20,833 per pad! / Cash or CTNL / Property Shows a 13.5% Cap Rate with 26% Cash Flow at List Price & Terms!

Super little 60 Space Cash Flow Machine on 7 acres with Highway Frontage! County plans to Signalize the Corner!

Location Description

Located at Central Avenue and Highway 69 in Mayer AZ - in a significant growth corridor - just 20 minutes south of Prescott!

For Complete Details download the linked Marketing Prospectus.

Park Information

Number of MH Lots:60
Total Occupancy:95.0%
Year Built:1957
Average MH Lot Rent: $383
Size:7.0 acre(s)

Financial Information (Pro Forma)

Gross Income$270,900
Operating Expense$101,898
Net Operating Income$169,002
Expense Ratio 37.6%
Debt InfoAssume 1st TD / or CTNL

Lot Information

Singlewide Lots:53
Doublewide Lots:0

RV Information

Number of RV Lots:7
Average RV Lot Rent: $288

Utility Information

Water:Well
Water Paid By: Park
Sewer:Treatment Plant

Park-Owned Homes

Number of Park-owned Homes:9
Average Rent for Park-owned Homes: $518

Amenities and Other

Laundromat: Yes