Mobile Home Park Details
- Cap Rate: 5.4%
- Listing ID: 1944335
- Posted On: Nov 28, 2022
- Updated On: Jul 19, 2023
Description
This is a unique opportunity to purchase a 3 MH & RV Park Portfolio that is 71% Occupied and comprised of a total of 70 Lots in Tucson, Arizona. There are a total of 66 Mobile Home Lots and 4 Park Owned Homes (Currently there are 9 RV occupants on Mobile Home lots). These properties currently have under market lot rent and also has great infill potential.
All of the parks are on City water and sewage which are billed back to the tenants, there is also master electric that is billed back as well. Trash is included in the rent for all tenants.
Location
• 15 Miles From Tucson International Airport
• 5 Miles From I-10
• 10 Miles From Major Shopping Malls
• Walking Distance to Casual Dining Restaurants &
Convenience Stores
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Number of MH Lots: | 70 |
| Total Occupancy: | 71.0 % |
| Average MH Lot Rent: | $400 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $397,478 |
| Operating Expense: | $234,240 |
| Net Operating Income: | $163,239 |
| Expense Ratio: | 58.9 % |
Lot Information
| Singlewide Lots: | 66 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 5 |
| Average Rent for Park-owned Homes: | $484 |
