Contact Information

Mobile Home Park Details

  • Price: $470,000
  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 10.3%
  • Property ID: 1369004
  • Posted On: Dec 15, 2020
  • Updated On: Feb 18, 2021

Property Description

**Listing Broker: Richard Spreiser, MFI Commercial**

Link to Offering Memorandum & Public Files:

https://drive.google.com/drive/folders/1QcjvilxtH6FJebbm6XOl7ikY1KEWGJDL?usp=sharing

This is a unique opportunity to purchase a 100% Occupied, 8 space Mobile Home Park with 5 Apartment Units (in one building) in Tucson Arizona. This property has a low operating expense ratio, and is ready for an incoming buyer to pick up the baton.
Currently this property has 8 Park Owned Homes. Property is on City Water & Sewer with ALL UTILITIES (with exception of trash) BILLED TO TENANT!
Great Low Maintenance Property! Seller has created a sound community, and the perfect opportunity for an incoming buyer to break into the Tucson Market

Location

-- 11 Minute Drive to Tucson International Airport
-- 2 Blocks from the Tucson VA Medical Center
-- 6 Minute Drive to Walmart Super Center & Costco
-- Walking Distance to Casual Dining Restaurants

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

Park Information

Community Type: All Age
Number of MH Lots: 13
Total Occupancy: 100.0 %
Average MH Lot Rent: $375

Financial Information (Actual)

Gross Income $78,139
Operating Expense $29,954
Net Operating Income $48,184
Expense Ratio 38.3 %
Debt Info

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 8
Average Rent for Park-owned Homes: $425

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