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.

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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

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