Contact Information

Mobile Home Park Details

  • Price: $525,000
  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 6.0%
  • Property ID: 1159285
  • Posted On: Nov 26, 2019
  • Updated On: Mar 26, 2020

Property 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

Park-Owned Homes

Number of Park-owned Homes: 0

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