Mobile Home Park Details
- Listing ID: 1114426
- Posted On: Aug 1, 2019
- Updated On: Mar 20, 2020
Description
Listed by: KW Commercial Midwest - Bob Bayer, in association with Keller Williams Southern Arizona
38-SPACE, ALL AGES PARK - 38 Space All-Ages Community over 11.5 acres, 14 Vacancies. 12 Park-Owned Homes (including manager's unit who gets $500/mo. ($250 Cash + $250 Rent Concession); 25 TenantOwned Spaces - 14 Vacant; 1 Home Under Contract. Flooring repairs are currently being made for 5 units and the owner is working on bids for a new roof on 1 unit.
RENTAL RATE UPSIDE - $260 SW Lot Rent; $290 DW Lot Rent & ~$660 POH Rent. Rents haven't been raised in several years and when they were, it was only $5-10. Market rents sit in the $275-325 range; owners have just been leveling rents as spaces/units turnover.
CITY SERVICES - All City Services; Water/Sewer Master-Metered & Included in Rent with Trash; Electric & Gas are both Sub-Metered & Direct-Billed. Upside in Recapturing Water/Sewer/Trash Expenditures
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 38 |
| Average MH Lot Rent: | $260 |
| Size: | 11 acre(s) |
Lot Information
| Singlewide Lots: | 35 |
| Doublewide Lots: | 3 |
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: | $660 |