Contact Information

Mobile Home Park Details

  • Price: $1,200,000
  • Purchase Method: Seller Financing
  • Property ID: 1373238
  • Posted On: Dec 29, 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/1CYF3mqvstM6L5ByFfdB4ZogogxL_aOlX?usp=sharing

Located right off of Highway 80, just 49 miles from Tucson International Airport, Kokopelli Springs Mobile Home Park, is an owner maintained community home to 56 total units, 43 MH Spaces, 5 RV Spaces, Two Houses, and Three Duplexes.​ On the property is also a General Store, Garage, and Laundry Facility.​

Kokopelli Springs, is a a quiet community, with great upside in both occupancy and rental increases.​ This property has minimal expenses, as it's water source is 2x Well's, and is on individual septic.​ Currently Gas and Electric are Master Metered, but billed back to tenants at 1:1.​

Store is Grandfathered in, and can have many uses - inventory negotiable in purchase price.​ Owners are about in process of exterior renovation of 3 Duplexes, all have been scraped, new soffits, prepped for paint, etc.​ Owner is willing to stay on and aid in transition, and open to management discussions.​

Location

Located in low tax Cochise County, Saint David is just a little southeast of Tucson, Az. on state highway 80. With its rural setting, Saint David is quiet, peaceful and a great place to relax in the sun. Many winter tourists stay here during the cold months in the more northern states.

-- 49 Miles from Tucson International Airport!
-- 2 Minute Drive to Dollar General & only less than 9 miles drive to -- --- Safeway Grocery Store!
-- 4 Minute Drive to Bryce Farms
-- 2 Minute Drive to St. David High School
-- Just 16 Minutes Drive to Tombstone Arizona!

Amenities

  • Laundromat
  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 43
Total Occupancy: 72.0 %
Average MH Lot Rent: $245
Size: 15 acre(s)

Financial Information (Actual)

Gross Income $187,630
Operating Expense $43,102
Net Operating Income $144,527
Expense Ratio 23.0 %
Debt Info

RV Information

Number of RV Lots: 5

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 9

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