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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 |