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Address is 333 W Glenn St Tucson, AZ 85705

Pete Peterson

Stratton Group

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Miracle RV Park

Mobile Home Park for Sale in Tucson, Arizona

333 W Glenn St
Tucson, AZ 85705

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Mobile Home Park for Sale

Number of MH Lots: 85
Size: 3.2 acre(s)
Cap Rate: 10.5%
Purchase Method: Cash, Seller Financing, New Loan
Status: Sold
Property ID: 407928
Posted on: Oct 08, 2013
Updated on: Dec 20, 2013

Property Description

Miracle RV Park consisting of 84 spaces and 1 mobile home with great potential for more income. This property is centrally located in prime Tucson location near malls, bus lines, shopping centers, and much more. This park makes for a very easy to operate and maintain investment. All paved road park. Club house/Office amenities are; pool table, lounging area, library, cable TV and internet.

The park is priced to sell at over a 10.56% Cap Rate based on actuals and offering great cash on cash return for a new investor. Depending on the price and terms the owner may be willing to carry the financing on the property.

There are two spaces currently occupied by the owner and his family with no rent collected. There is great upside for new owner.

Maintenance and Security for the park is provided by two individuals who receive free rent and electric.

Please do not disturb tenants! Contact LA!

Location Description

West-Central location close to Tucson Mall.

Park Information

Number of MH Lots:85
Total Occupancy:70.0%
Year Built:1973
Average MH Lot Rent: $322
Size:3.2 acre(s)

Financial Information (Actual)

Gross Income$236
Operating Expense$120
Net Operating Income$115
Expense Ratio 50.8%
Debt Info

RV Information

Number of RV Lots:85
Average RV Lot Rent: $322

Utility Information

Water Paid By: Park

Park-Owned Homes

Number of Park-owned Homes:1
Average Rent for Park-owned Homes: $585

Amenities and Other

Club House: Yes