Contact Information

Mobile Home Park Details

  • Price: $489,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 14.0%
  • Property ID: 1432905
  • Posted On: May 4, 2021
  • Updated On: May 5, 2021

Property Description

*Listing Broker: MFI Commercial*

Link to Offering Memorandum & Public Files:

https://drive.google.com/drive/folders/1R9vC8wN2mOoiJBYEh6Xac9zKBy3xZZBc?usp=sharing

This is a unique opportunity to purchase a 100% Occupied, 9 Space Mobile Home Park with 1x, three bedroom Apartment Unit, and 1x commercial unit, that could be converted into a 3bdr Apt 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 7 Tenant Owned Homes, 2 Homes on Rent-to-Own Agreements, 1 Park Owned Home (RV), and 1 NEWLY RENOVATED Stick Built 3 Bedroom Apartment, currently being rented on AirBnB!. Additionally the property has a commercial unit that could be renovated and turned back into a 3bdr Apartment as well! Property has 8 rentable Storage/Parking Spaces as well. Property is on City Water & Septic 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

-- 12 Miles to Tucson International Airport
-- Easy Access to I-10 HWY!
-- 5 Minute Drive to Food City and Other Grocery Stores
-- Walking Distance to Casual Dining Restaurants & Convenience Stores

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

Park Information

Community Type: All Age
Number of MH Lots: 9
Total Occupancy: 100.0 %
Average MH Lot Rent: $350

Financial Information (Actual)

Gross Income $75,732
Operating Expense $12,082
Net Operating Income $63,650
Expense Ratio 16.0 %
Debt Info Buyer to Bring Own Financing

Lot Information

Singlewide Lots: 9

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: Septic

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