Contact Information

Mobile Home Park Details

  • Price: $500,000
  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 9.7%
  • Property ID: 1234195
  • Posted On: Mar 24, 2020
  • Updated On: Mar 24, 2020

Property Description

Western Palms Trailer Park is a 26 site All Age Community located in Aguila, Arizona. The Park was originally built in 1972 and sits on approximately 1.94 acres. Electric (APS) is provided through Overhead Feed and is Direct Billed to Tenants. Units 12 and 13 are read and billed back to tenants at 0.15 per kWh. Water (Aguila Water) is sub-metered and Billed Back. There is a flat fee of $55.00 per tenant for Trash (CR&R) and Sewer (Septic). There is no Gas. The property has 5 septic tanks with recent upgrades to the tanks and leach fields. This is a great entry level investment opportunity. Seller is willing to entertain a Carry with a qualified buyer. Western Palms TP is a well maintained must see Community with a strong veteran manager!

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Park Information

Community Type: All Age
Number of MH Lots: 26
Total Occupancy: 80.0 %
Year Built: 1972
Average MH Lot Rent: $200
Size: 2 acre(s)

Financial Information (Actual)

Gross Income $72,584
Operating Expense $23,979
Net Operating Income $48,604
Expense Ratio 33.0 %
Debt Info

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 0

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