Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.0%
  • Listing ID: 417135
  • Posted On: Dec 3, 2013
  • Updated On: Mar 22, 2014

Description

THE PURCHASE PRICE SUPPORTS A 9.0 CAP!! OWNER IS READY TO SELL!! 55+TENANTS!! This 204 site RV Park is located just south of Interstate 8 off of the Araby Road exit in Yuma. The 12 acre parcel has a large front footage on Highway 80 or more commonly known as 32nd Street. There is a traffic light at the main entrance. All of the electrical pedistals range from 50 to 75 amperage. The size of each site within the property goes from 28 X 45 to 33 X 50. The community is on a septic system with 17 tanks. The common area is comprised of a small clubhouse that has been recently renovated + a separate building that houses a new laundry (12 washers / 12 dryers) and his/hers showers. The streets are gravel with flat concrete curbing and the landscaping throughout the park is stone. The existing financing (Apx. $1,300,000.00) is non assumable and due on sale and must be cashed out by the purchaser. The seller might consider carrying a portion of his equity in order to get a deal done.

Please keep in mind these pictures were taken in October well before the season started.

Amenities

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

Park Information

Community Type: 55 And Over
Number of MH Lots: 204
Year Built: 1991
Size: 12 acre(s)

Financial Information (Actual)

Gross Income: $404,534
Operating Expense: $157,869
Net Operating Income: $246,665
Expense Ratio: 39.0 %
Debt Info: Cash or Lender Financing

RV Information

Number of RV Lots: 204

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic