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: 6.9%
  • Listing ID: 816625
  • Posted On: May 24, 2017
  • Updated On: Aug 9, 2018

Description

Tumbleweed Mobile Home Park is a 55 site all age community located in Yuma, Arizona. The park consist of 52 sites with full hook ups, a duplex and one stand alone building. The duplex has a 2bd/1ba unit + a studio, the stand alone building houses a laundry and a studio. There are 25 park owned mobile homes. Sites 1-42 are direct billed electric and sites 43-57 are on a master meter. The sites have water meters however the current owner includes water, sewer and trash with the rent. There are only 5 sites serviced by gas along with the laundry building.

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Park Information

Community Type: All Age
Number of MH Lots: 55
Total Occupancy: 82.0 %
Year Built: 1960
Size: 4 acre(s)

Financial Information (Actual)

Gross Income: $184,879
Operating Expense: $105,645
Net Operating Income: $79,234
Expense Ratio: 57.1 %

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