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Mobile Home Park Details
- Purchase Method: Seller Financing
- Cap Rate: 10.0%
- Listing ID: 107786
- Posted On: Nov 7, 2011
- Updated On: Jan 13, 2012
Description
Garden Spot MHP: 58 Spaces plus 2 homes & 1 Commercial on 2.6 acres +- priced at: $1,050,000 with $262,500 Down to a Seller Carried First (7% / Amtz 30 Yrs/Due 15 yrs). $17,213 per pad / 10% Cap Rate/ 16% Cash Flow! Low Rents. Substantial Upside in passing thru Utility Costs!
A Cash Cow with Huge Upside and R-4 Zoning!!!
Location
Great Mesa Neighborhood location just 20 minutes from Sky Harbor!
Park shows pride of ownership! Numbers show pride of cash flow!
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Financial Information
| Gross Income: | $217,042 |
| Operating Expense: | $112,295 |
| Net Operating Income: | $104,747 |
| Expense Ratio: | 51.7 % |
| Debt Info: | Owner Will Carry a new 1st of $787,500 at 7% amortized 30 yrs / due 15 yrs: pmt $5,239 mo. |