Contact Information

Mobile Home Park Details

  • Price: $275,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 7.2%
  • Property ID: 1452843
  • Posted On: Jun 6, 2021
  • Updated On: Jun 10, 2021

Property Description

15 Spaces with 3 park-owned homes.
Small Non-Age-restricted park with lots of green trees and shade.
7.2% Cap Rate on current - upside to 11.5% Cap Rate.

Location

Mild 4 season climate outside of Globe AZ.

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Park Information

Number of MH Lots: 15
Total Occupancy: 87.0 %
Year Built: 1966
Average MH Lot Rent: $225
Size: 3 acre(s)

Financial Information (Pro Forma)

Gross Income $43,020
Operating Expense $23,130
Net Operating Income $19,890
Expense Ratio 53.8 %
Debt Info Cash or Cash-To-New-Loan

Lot Information

Singlewide Lots: 12
Doublewide Lots: 3

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 4
Average Rent for Park-owned Homes: $445

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