Contact Information

Mobile Home Park Details

  • Price: $675,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 5.8%
  • Property ID: 1180783
  • Posted On: Jan 18, 2020
  • Updated On: May 28, 2020

Property Description

24 mobile home spaces in Yuma, Arizona - all tenant owned with one vacancy. Zoned B-2, the parcel is set over 1.8 acres and the park was originally built in 1955. Lot rents range from $270-320 and average ~$282.

All utilities are serviced by the City of Yuma; Water/Sewer is MasterMetered and included in the lot rent; Electric is Sub-Metered & directly billed to the tenants; there is no gas service.

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Park Information

Community Type: All Age
Number of MH Lots: 24
Total Occupancy: 96.0 %
Year Built: 1955
Average MH Lot Rent: $285
Size: 2 acre(s)

Financial Information (Actual)

Gross Income $74,615
Operating Expense $35,265
Net Operating Income $39,350
Expense Ratio 47.3 %
Debt Info

Lot Information

Singlewide Lots: 24
Doublewide Lots: 0
Triplewide Lots: 0
Park Model Lots: 0

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 0
Average Rent for Park-owned Homes: $0

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