Mobile Home Park Details

  • Property ID: 1114426
  • Posted On: Aug 1, 2019
  • Updated On: Mar 20, 2020

Property 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

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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

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