Mobile Home Park Details
- Purchase Method: Cash
- Listing ID: 1466814
- Posted On: Jun 28, 2021
- Updated On: Oct 3, 2021
Description
Make money while holding land in the heart of Flagstaff! The Views Mobile Home Park in Sunnyside with 0% Vacancy. Gross monthly income of $2425/month. With the current list price and gross income there is an 6.7% return. Zoned High Density Residential, an Owner could decide to no longer be a MHP, with this Zoning build in a prime location in the heart of Flagstaff. The current owner is very 'hands off' passive income owner, outsourcing everything. A new investment owner who may choose to be an active owner could potentially significantly increase the monthly withdrawals. Seller DOES NOT own the mobile homes. All mobile homes are owned by tenants, thus NO maintenance with the mobile homes. Electric is individually metered per unit, and water sub-metered. All utilities are paid by the tenants. The Seller ONLY owns the Dirt! Seller is required to maintain utilities to property lines.
Location
From Route 66, Left onto 4th Street, Left onto Rose, and Right on 3rd - The View MHP on the corner of Rose and 3rd Street.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 6 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1965 |
| Average MH Lot Rent: | $425 |
| Size: | 0 acre(s) |
Financial Information (Actual)
| Gross Income: | $2,425 |
| Operating Expense: | $430 |
| Net Operating Income: | $1,994 |
| Expense Ratio: | 17.7 % |
| Debt Info: | no debt |
Lot Information
| Singlewide Lots: | 6 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 0 |
| Average Rent for Park-owned Homes: | $0 |