Contact Information

Mobile Home Park Details

  • Price: $499,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 10.6%
  • Property ID: 1185806
  • Posted On: Jan 30, 2020
  • Updated On: Mar 15, 2020

Property Description

10 Space Park all Units Tenant Owned so very Little Maintenance Required, it is so Easy to Run This Park! Nice Rental Property
Please Text Or email, its easier for me to respond.
Total rents Yearly 65,988.00
Rent 2 Own payments $3600.00
Wifi $1050.00 Year
Water ,sewer ,trash 4800.00 Year
Taxes $1850 Year
Insurance $1850.00 Year
Net Rental Income $60,127.00 Price $500,000.00
This Park is Simple to Run , with 8% Management its a 10.59 Cap

All Rents will be $399.00 starting 2/1/2020 Includes water, other utilities tenants have Meters.
Two Rent 2 Own Units bring in $300 More a Month and you get 9 K Balance over time
Storage Bldg Rented at $1500 Month
This Property is so easy to manage, very little maintenance to do
Owner pays Water , average of $400 Month
Taxes $1800 Year
Insurance $1800 Year
Thats its , Long Term Tenants , tenants own homes,
Just kill some weeds and collect the rents.
Includes a Nice Lot Next door to with an Unfinished Duplex 2500 FT ( will bring in 2k a Month finished) and Nice Storage Building about 2500 sq ft , Storage is rented at $1500 Month
Purchase Price 499,000.00 1031 Possible for the right property

More Info at https://www.crexi.com/properties/294844/arizona-4344-e-lee-st-mobile-home-park

Location

Midtown is a Popular and Fast Changing area of Tucson, 10 Minutes to U of A, and Downtown, This area has New Developments, Restaurants, and increasing rents , great location for an appreciating property. This property can be turned into a Development of Houses later also.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Number of MH Lots: 10
Total Occupancy: 100.0 %
Average MH Lot Rent: $399

Financial Information (Actual)

Gross Income $695,888
Operating Expense $11,000
Net Operating Income $40,737
Expense Ratio 1.6 %
Debt Info

Lot Information

Singlewide Lots: 8
Doublewide Lots: 2

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Average Rent for Park-owned Homes: $550

Download Documents

Other Listings by Takoya Haywood

Similar Mobile Home Parks for Sale