Contact Information

Mobile Home Park Details

  • Price: $1,125,000
  • Purchase Method: Cash, New Loan
  • Land: This is land for developing a mobile home park
  • Cap Rate: 4.4%
  • Property ID: 1273210
  • Posted On: Jun 18, 2020
  • Updated On: Jun 18, 2020

Property Description

The Oasis Mobile Home Park is located in Black Canyon City just 40 minutes north of central Phoenix right off the I-17. The community is comprised of 45 large sites with a clubhouse, pool, spa, and general storage building. The property is designated as a 55+ park. There is a sewer treatment plant on site along with a large leach field. The drinking water is provided by a private company. All utilities are underground. The builder of the property lives on site and will cooperate with a buyer during their due diligence. We will have construction plans for your review.

The key to success on this asset is having the financial, where with all and experience to purchase homes, set them up and then create rent to own contracts in order to fill the 30 vacant sites. This is a golden opportunity to purchase a senior park below replacements cost!!

Amenities

  • Pool
  • Club House
  • Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: 55 And Over
Number of MH Lots: 45
Year Built: 2000
Size: 19 acre(s)

Financial Information

Gross Income $80,160
Operating Expense $30,814
Net Operating Income $49,346
Expense Ratio 38.4 %
Debt Info

Utility Information

Water: City
Water Paid By: Park
Sewer: Treatment Plant

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