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Address is 711 N Prescott Ave Willcox, AZ 85643

Art Rullo

SVN RealStar Advisors

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Grande Vista Rv -Moble home Park & Storage

Multi Family Housing for Sale in Willcox, Arizona

711 N Prescott Ave
Willcox, AZ 85643

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Sale Price: $1,550,000
 

Contact Information

Art Rullo
SVN RealStar Advisors

Mobile Home Park for Sale

Number of MH Lots: 50
Size: 6 acre(s)
Cap Rate: 8.0%
Purchase Method: Cash, Seller Financing, New Loan
Status: Active
Property ID: 831879
Posted on: Jul 13, 2017
Updated on: Sep 15, 2017
Price: $1,550,000

Property Description

This is one of the few first class parks left almost every where, We are the cleanest and quietest park in Willcox. All our homes except 2 are newer 2001 and 2006 cavaco 14x65 and 14x 70 2 85s in good shape, IN 2007 the past owner borrowed 1.1 million from Tucson bank and tore down or moved out all old trailers and put new ones in with skirting, awnings by professionals, and 120 new storage units and a new laundry building., then went bankrupt in 2012 and We spent over $200,000 the first yr to take it to a #10 park.We also have the 127 unit self storage with 8ft security fences and gates, lighted and controlled by a security computer system. In front it has a extra nice lot with $6000 of red rock for new business or extension of storage complex. All business on seperate parcels and can be sold seperately by buyer. The lot is a corner lot We are all city services, with none of the bad stuff, septic tanks, drain fields, wells, propane tanks , being your own gas or electric co, Last yr it cost us over $60,000 for new gas lines and we gave them to city for nothing. All our tenants are background checked and we usually have 2 or 3 vacants because we turn away approx 3 or 4 groups ea week. If we found more good people that is another $1800 per month and now we rent the Managers home for $600. No more free homes. They get a free rv site and utilities and less salary and bonus.We will email a profit and loss and additional information about park and if you need more financial information you have to contact us with your financials and credit report OR PROVE SOME WAY WE ARE NOT WASTING OUR TIME. .that you have the ability to purchase. The commission for all agents is 2.5 %. We know all the parks for sale in Az, Cal, Idaho and Wa and there are very few and all the caps are below 8 cap and some dumps real dumps in Quartsite or Apache junction have a 10 to 13 but you will get a real lesson from them in cost to you.. After you get tired of looking at all the dumps you can make a trip here and check us out. . . If you are a real buyer call me and we will show you thru the park and units,DO NOT DRIVE THRU ON YOUR OWN,CALL OR STOP AT OFFICE 2 single wides and our double wide are not part of the park sale. They can be purchased for approx $9,000 and our 2400 sf 5 bed 3 bth double wide $85,000.or best offer but must remain in the park. You wont find one like it.We know of all parks for sale in Az, id and Wa and most are 3.5 to 7.9 above 8 they are real dives. check them out.$600,000 DOWN SELLER FINANCING bal 6%,or cash or new loan. We have several companies that can help you with loans.CHECK OUT WHAT 1.1 MILLION OF BANK MONEY AND OUR $260,000 CASH HAS DONE. SHOW ME ANOTHER PLACE WITH THAT MUCH FOR IMPROVEMENTS

Location Description

We are located at the main exit off I-10 l hr east of Tucson, where all the truck stops, hotels and fast food places are. We are 3 blocks to the hospital and medical centers. In the last 2 months one motel here a truck stop and a strip mall have sold and all ae putting lots of money into their property. We are not by the noisey freeway with truck noise 24 hr a day or across the street from the railroad tracks where trains operate 24 hrs day.Willcox has a golf course, theater, elks club etc

Park Information

Number of MH Lots:50
Total Occupancy:85.0%
Year Built:1965
Average MH Lot Rent: $600
Size:6.0 acre(s)

Financial Information (Actual)

Gross Income$189,000
Operating Expense$69,932
Net Operating Income$119,068
Expense Ratio 37.0%
Debt Info

Lot Information

Singlewide Lots:15
Doublewide Lots:1
Triplewide Lots:0
Park Model Lots:1

RV Information

Number of RV Lots:34
Average RV Lot Rent: $32,512

Utility Information

Water:City
Water Paid By: Park
Sewer:City

Park-Owned Homes

Number of Park-owned Homes:12
Average Rent for Park-owned Homes: $600

Amenities and Other

Laundromat: Yes
Club House: Yes
Storage: Yes
Handicap Accessible: Yes