Call (559)356-4399

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Address is 5755 S Fontana Ave Tucson, AZ 85706

Patrick Wong

Willway 3, LLC

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Fontana Trailer Park ( 15 spaces + House )

Multi Family Housing for Sale in Tucson, Arizona

5755 S Fontana Ave
Tucson, AZ 85706

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Mobile Home Park for Sale

Number of MH Lots: 15
Size: 1 acre(s)
Cap Rate: 21.0%
Purchase Method: Cash, Seller Financing, New Loan, Assumable Loan
Status: Sold
Property ID: 370944
Posted on: May 02, 2013
Updated on: May 30, 2014

Property Description

Price just reduced from $250,000 to $230,000 ! (Price to sell)

1) All cash ( OR ) 2) $80,000cash down and seller finance $150,000 at 6% interest only, $750 monthly payment,

Price per space: $ 14,375 Potential gross rent $ 63,300 Net operating income: $ 48,492 Potential Cap rate: 22 % Potential cash on cash return on $85K : 47% !

15 Trailers spaces + 1 House Approximate I acre lot Long Term Tenants 13 Tenant owned Trailer and 2 rent to own 85 % occupied City water City sewer Tenant pay own electric per individual meters

Experienced and reliable manager on-site Very low maintenance Park Absentee owner dream Park

(Please do not speak to anyone on-site and Tenants do not know the property is for sale. *** Drive-by only please! *** )

Owner / Seller (559) 356-4399 Direct or Text Email address:

Location Description

Directions to Park : Old Nogales Highway to Drexel West to South Fontana.

Park Information

Number of MH Lots:15
Total Occupancy:85.0%
Average MH Lot Rent: $295
Size:1.0 acre(s)

Financial Information (Pro Forma)

Gross Income$63,300
Operating Expense$14,808
Net Operating Income$48,492
Expense Ratio 23.4%
Debt Info seller finance or assumable 1st Loan

Lot Information

Singlewide Lots:16

RV Information

Number of RV Lots:15
Average RV Lot Rent: $295

Utility Information

Water Paid By: Park

Park-Owned Homes

Number of Park-owned Homes:0

Amenities and Other

Storage: Yes