Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 9.4%
- Listing ID: 1474578
- Posted On: Jul 9, 2021
- Updated On: Jun 1, 2022
Description
**Listing Broker: Richard Spreiser, MFI Commercial**
Link to Offering Memorandum & Public Files:
https://drive.google.com/drive/folders/1zZwUac7bOhC5IHraYc04nUG8uUvqRGv4?usp=sharing
This is a unique opportunity to purchase a 12 space Mobile Home Park in Tucson Arizona. This property is located right down the street from the VA Hospital, has a low operating expense ratio, and is ready for an incoming buyer to pick up the baton.
Currently this property has 11 Park Owned Homes, 1 Tenant Owned Home. Property is on City Water & Sewer with ALL UTILITIES (with exception of trash) BILLED TO TENANT BY COE! Water SubMeters have been installed and tenants will begin to pay for water/sewer usage July 1st.
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 Minute Drive to Tucson International Airport
-- 3 Blocks from the Tucson VA Medical Center
-- Quick Drive to Walmart Super Center & Costco
-- Walking Distance to Casual Dining Restaurants
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 12 |
| Total Occupancy: | 100.0 % |
| Size: | 1 acre(s) |
Financial Information (Actual)
| Gross Income: | $59,695 |
| Operating Expense: | $15,489 |
| Net Operating Income: | $44,205 |
| Expense Ratio: | 25.9 % |
Lot Information
| Singlewide Lots: | 12 |
RV Information
| Average RV Lot Rent: | $300 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 11 |
| Average Rent for Park-owned Homes: | $165 |
