Mobile Home Park Details
- Cap Rate: 9.4%
- Listing ID: 1170484
- Posted On: Dec 27, 2019
- Updated On: Mar 3, 2020
Description
AN AFFORDABLE INVESTMENT PROPERTY, 5 UNITS MOBILE HOME PARK WITH GREAT POTENTIAL CASH FLOW INCOME. UNIT A-SINGLE WIDE PARK OWNED UNIT RENTED FOR $500.00; UNIT B-SPACE RENT $ 325.00+UTILITIES; UNIT C-RV SPACE RENT $290+UTILITIES; UNIT D-NOTE FOR DEED MOBILE HOME UNIT W/SPACE RENT $ 395.00+UTILITIES+MORTGAGE PMTS; UNIT E-AFFIXED DOUBLE WIDE MOBILE HOME UNIT RENTED FOR $750.00.
PROFORMA IS AVAILABLE UPON REQUEST OF QUALIFIED BUYER. ALL NUMBERS ARE TO BE VERIFIED. IT IS CENTRALLY LOCATED, CLOSE TO PUBLIC TRANSPORTATION, SCHOOL, INTERSTATE I-10, SCHOOL, SHOPPING, HOSPITAL AND MORE..
PLEASE DO NOT DISTURB TENANTS. AGENT IS RELATIVE TO SELLER. FOR INQUIRY PLEASE CALL LISTING AGENT OR CO-LISTING AGENT, TARI AULETTA AT 520-235-2727.
Location
RUTHRAUFF/LA CHOLLA SOUTH APPROX. 2 BLKS TO ALLEY ACCESS TO THE PROPERTY, WHICH IS BEHIND DESERT WIND MOBILE HOME PARK.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 5 |
| Year Built: | 1972 |
| Average MH Lot Rent: | $360 |
| Size: | 1 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $27,420 |
| Operating Expense: | $6,220 |
| Net Operating Income: | $21,200 |
| Expense Ratio: | 22.7 % |
Lot Information
| Singlewide Lots: | 4 |
| Doublewide Lots: | 1 |
RV Information
| Number of RV Lots: | 1 |
| Average RV Lot Rent: | $290 |
Utility Information
| Water: | City |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 2 |
| Average Rent for Park-owned Homes: | $625 |