Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 6.0%
- Listing ID: 1159285
- Posted On: Nov 26, 2019
- Updated On: Jun 22, 2020
Description
7 all large Double Wide's tenant owned on huge R-4A 1.5 acre parcel.
Also one 3 + 2 free standing brick, stick and mortar house. Low Rent of $725.00. Neighborhood $1100- $1500.
Owner recently ($22,000.00) re furbished the leeched-bed 4 septic system. City water sub metered payable to owner. Tenants pay electric to SRP. The sale includes a $21,000.00 note secured by one of the trailers that is payable to the current owner. This is included with the sale.
Note All Tenants mail monthly rent to Owner in Montana. RE property tax $3450.00 yr Insurance $819.00/yr. Asking $525,000. W $100,000. down
Many other Phoenix area Parks rent double wide lots for $600.00
Location
206-04-007B
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 7 |
| Total Occupancy: | 100.0 % |
| Year Built: | 70 |
| Average MH Lot Rent: | $395 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $50,400 |
| Operating Expense: | $25 |
| Net Operating Income: | $37,800 |
| Expense Ratio: | 0.0 % |
| Debt Info: | seller carry 3% 2 years- 4% 2 years 5% 5-10 years |
Lot Information
| Doublewide Lots: | 7 |
| Park Model Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | Septic |