Mobile Home Park Details

  • Cap Rate: 9.4%
  • Property ID: 1170484
  • Posted On: Dec 27, 2019
  • Updated On: Mar 3, 2020

Property 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.

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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 %
Debt Info

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

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