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AZ Mobile Home Park 2100 E. Roundup Road, Apache Junction, AZ 85119

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Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 9.0% (Actual)
  • Listing ID: 112899
  • Posted On: Jan 6, 2012
  • Updated On: Dec 28, 2012

Description

49 Space Mobile Home & RV park located at the base of the Superstition Mountains with amazing mountain views. Landscaping is Pristine. The park is individually metered. The park is operating at a good occupancy and will yield an excellent cash on cash return of 11.67%.

Location

North on Wickiup Road from Superstition Blvd. East on Roudup to property.

Amenities

  • Laundromat
  • Club House
  • Handicap Accessible
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Park Information

Number of MH Lots: 49
Total Occupancy: 87.5 %
Average MH Lot Rent: $295
Size: 5 acre(s)

Financial Information (Actual)

Gross Income: $202
Operating Expense: $80
Net Operating Income: $121
Expense Ratio: 39.6 %

RV Information

Number of RV Lots: 49
Average RV Lot Rent: $295

Utility Information

Water: Well
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 8
Average Rent for Park-owned Homes: $500

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