Contact Information

Mobile Home Park Details

  • Price: $470,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.4%
  • Property ID: 1474578
  • Posted On: Jul 9, 2021
  • Updated On: Jul 9, 2021

Property 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

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

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 %
Debt Info

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

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