https://estersonmhcteam.​com/property/west-mesa-mhp-cottages

Cash-flowing, stabilized asset at 100% occupancy West Mesa MHP is located in an Opportunity Zone between Main & First Street in Downtown Mesa.​ With easy freeway access to Loop 101 and a short walk to the Light Rail Extension, the park provides easy access to major East Valley economic hubs, including Mesa, Phoenix and Chandler.​ West Mesa MHP is also located within 2 miles of the Fiesta Quadrant Employment Center and is only minutes away from Mesa Community College.​

West Mesa MHP is 100% occupied and comprised of 42 total rentable units – 20 TOH’s, 11 POH’s, 3 RTO’s, 7 Cabins, and 1 SFH.​ The community has city water and city sewer, both of which are paid for by the landlord and included in tenants’ rent.​ Electrical services are also public and paid for by the landlord, but each MH lot is individually sub-metered, and tenants are billed back based on usage.​

We are asking that investors submit offers at or above $2,600,000, which represents a 5.42% cap rate on current lot rental income.​ With paved roads and an occupancy rate of 100%, West Mesa MHP should qualify for a conventional, recourse bank financing at a 4.15% interest rate, 75% LTV, and 25-year amortization.​