Mobile Home Park Details

Purchase Method: Cash
Cap Rate: 3.5%
Listing ID: 12461
Posted On: Jun 2, 2010
Updated On: Mar 14, 2012

Description

PRICE REDUCED to 200,000 for cash buyers otherwise 240,000.00

Situated on 2.75+/- acres this park has a small 2 bedroom, 1 bath rental house with a small work shop, enclosed patio and carport; and a larger 3 bedroom, 2 bath main residence for the on site owners. It also has a workshop/single car garage. There are 8 mobile home sites (6 filled) and 4 park model/rv sites (2 filled) with storage sheds on most sites. Space rents are $195.00 per month. The cap rate is approx 7.69 and has potential of 16 Cap . Space is available for storage units or several more sites (would have to connect to city sewer to add more sites).

Our tenants are wonderful, and the park is very low maintenance (allowing for offsite managing). In addition, it has a few fruit trees, beautiful sunrise & sunsets, and several species of wildlife. You wonï¿½t be disappointed. DO YOUR DUE DILIGENCE.

Feel free to contact Fred at kerr299@yahoo.com
or
Lynn at grammyluvs3@hotmail.com

Location

This small 12 space, 55+ community, is in a quiet, country setting near historic Bisbee, Arizona, and only 22 miles from Tombstone. The park is 5 miles from the Turquoise Valley Golf Course and 32 miles from Sierra Vista.