Mobile Home Park Details
- Purchase Method: Seller Financing
- Cap Rate: 11.8%
- Listing ID: 866885
- Posted On: Oct 9, 2017
- Updated On: Oct 31, 2017
Description
REDUCED $100,000 AND WITH SELLER FINANCING; Lazy Acres MHP is a 30 space, all age park located on the south of Tucson, AZ. There are 24 currently occupied spaces and only one park owned home. Utilities are gas directly billed to the resident, electric is master metered with separate meters at each space. The park has it's own well with a back up to City of Tucson water and is on a septic tank system. The park pays for water, sewer and trash. A portion of the property is in the Erosion Zone. This will limit the replacement of a mobile home to an RV on a move out. The out of state Seller is motivated and is open to offers
Location
Lazy Acres MHP is located in a rural setting on the south side of Tucson. It is located near the Tucson International Airport, Desert Diamond Casino, Raytheon Systems and other major employers.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 30 |
| Total Occupancy: | 80.0 % |
| Year Built: | 1973 |
| Average MH Lot Rent: | $340 |
| Size: | 5 acre(s) |
Financial Information
| Gross Income: | $116,000 |
| Operating Expense: | $59,796 |
| Net Operating Income: | $56,205 |
| Expense Ratio: | 51.5 % |
| Debt Info: | None |
Lot Information
| Singlewide Lots: | 30 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 1 |
| Average Rent for Park-owned Homes: | $250 |