Call (559)356-4399

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Address is 802-804 E Roeser Road Phoenix, AZ 85040

Patrick Wong

Willway 3, LLC

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Phoenix Sunrise Mobile Home Park -16 spaces

Multi Family Housing for Sale in Phoenix, Arizona

802-804 E Roeser Road
Phoenix, AZ 85040

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Mobile Home Park for Sale

Number of MH Lots: 16
Size: 2 acre(s)
Cap Rate: 18.0%
Purchase Method: Cash, Seller Financing, New Loan
Status: Sold
Property ID: 414495
Posted on: Nov 15, 2013
Updated on: May 13, 2014

Property Description

Price to sell at $ 290,000

All cash or
Seller financing - Cash down: $ 150,000
Possible Assumable loan of $ 140,000 at 5.5% interest only, $641 monthly payment ,existing note due in 8/2017

Price per space: $ 18,125
Current gross rent $ 77,700
Net operating income: $ 52,656
Current Solid Cap rate 18%

13 Mobile Home spaces + 1 House + Duplex
2 acres lot on R3 Zoning
Under market rent
5 Tenant owned Trailer and 7 Park owned mobile can do rent to own
100 % occupied
City water City sewer (No hassle to deal with private well or septic
Tenant pay own electric direct to SRP Electric co
Experienced and reliable manager on-site take care all maintenance
New sewer and water Line

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: for more detail information

Location Description

Zoning : R-3 Zoning makes a great potential for the possibilities of redeveloping into a small subdivision of multi –units.
Location : Just minutes from Sky Harbor Airport and the Metro Phoenix Downtown Business Center ( Cross Street is S 7th Street )

Park Information

Number of MH Lots:16
Total Occupancy:100.0%
Size:2.0 acre(s)

Financial Information (Actual)

Gross Income$77,700
Operating Expense$25,044
Net Operating Income$52,656
Expense Ratio 32.2%
Debt Info

Lot Information

Singlewide Lots:13

Utility Information

Water Paid By: Park