Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Listing ID: 1369795
- Posted On: Dec 17, 2020
- Updated On: Aug 16, 2021
Description
**Listing Broker: Richard Spreiser, MFI Commercial**
Link to Offering Memorandum & Public Files:
https://drive.google.com/drive/folders/1alLw-m8wiC0u2ds7wdDwbM9KvwuaxQOF?usp=sharing
This is a unique opportunity to purchase a 100% Occupied, 6 space Mobile Home Park 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 community is 100% Tenant Owned. Property is on City Water & One Septic Tank with ALL UTILITIES BILLED TO TENANT! Owner has replaced Leach Field & Gas Lines, working to convert water lines to PVC!
Great Low Maintenance Property! Seller has created a sound community, and the perfect opportunity for an incoming buyer to break into the Tucson Market! Seller Financing Available with right offer, Opportunity to Bring Rents to Market!
Park Information
| Number of MH Lots: | 6 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $250 |
| Size: | 0 acre(s) |
Financial Information (Actual)
| Gross Income: | $18,000 |
| Operating Expense: | $19,625 |
| Net Operating Income: | $16,037 |
| Expense Ratio: | 109.0 % |
Lot Information
| Singlewide Lots: | 6 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | Septic |
