Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan, Assumable Loan
  • Property ID: 1188675
  • Posted On: Feb 8, 2020
  • Updated On: Sep 14, 2020

Property Description

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The Parks 32 Spaces are currently 100 % Full for 2 Years Plus
Looking for a Great Retirement Business. Live on Site and Operate a Busy RV Park, Restaurant with Bar , Pool Room & Liquor Licence/Bar. Fun Town to Operate In
Park has Full Time Tenants and a Reserved Area for The Busy Seasonal RV Business, Huge Hunting area Brings in Riggs all winter Long.
Park also Has a Busy AirBNB Business with 3 AirBNB Units. 1 is an onsite Cottage and 2 are RV's . 2 RVs are rented full time for 24 to 36 Months Now .
Park Units are a mix of Rent 2 Owns or Park Own
Steady Rental Income and a Full Restaurant Building with a Bar and Liquor Licence up Front. Currently Arivaca Soul Food is a 5 Star Rated Restaurant on Google. Possible Owner Financing with 200K Down The existing Loan has approximately 450 K Balance at 5% Interest with a 4 Year Balloon Payment
Owner will sell whole company , for an easy turn key transfer.

Location

Arivaca is a Scenic Historic Southern Arizona Town. Its a favotite drive for people in the Area, It is know for Ghost Towns, Rock-hounds, and has a Huge Hunting Following, Hunters fill the park all winter long. Its a great town to live in , this park has steadily grown in revenue since the owners purchase and clean up since 2 years ago. Its is a Vibrant Park Now,

Amenities

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

Park Information

Number of MH Lots: 32
Total Occupancy: 100.0 %
Average MH Lot Rent: $400
Size: 5 acre(s)

Financial Information (Actual)

Gross Income $89,094
Operating Expense $45,563
Net Operating Income $58,208
Expense Ratio 51.1 %
Debt Info t Amortized for 30 Years 5% Interest 4 Year Balloon

Lot Information

Park Model Lots: 32

RV Information

Number of RV Lots: 32
Average RV Lot Rent: $500

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 14
Average Rent for Park-owned Homes: $500

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