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

Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing
  • Cap Rate: 6.2%
  • Listing ID: 426050
  • Posted On: Feb 24, 2014
  • Updated On: Dec 1, 2015

Description

THIS PROEPRTY HAS CLOSED OUT ALL CASH, ALMOST LISTED TERMS.

Currently 6 spaces are rented @ $380 monthly including all utilities +
the house is rented at $550 utilities included as well. Manager gets free rent.
Total Current monthly income is $2830.
Exp=Taxes-$2200, Ins.-$1200, Elect.-$500, Water $380 Maint & Misc. $350
$2830 Income Monthly $1513 Expenses Monthly Current monthly NOI $1316.
Potential monthly income of $12,000.00 to $15,000.00 with new owner purchasing trailers and selling them to new tenants.
This is an Older Mobile Home Park that needs a lot of TLC. Needs some hands on work to transform this into a viable and Money making investment.
The investment is in the land and improvements which if you can look termsSeller will carry back! Make offer on terms. Asking 50% Dn. Needs TLC Great Upside Potential, (5) acres (35) Spaces (1) Single Family Residence. Just 5 min from the i-10 Freeway, exit Jimmy Kerr Road. Has been in operation for decades. Live in Manager and direct bank deposits of space rents. Please do not discuss sale with On-site manager nor anyone else while at property..
past the clutter you will see a gem that needs to be recut and polished
Just off HWY 84 & Arizola on the south side of town, this property lends itself to close proximity of all the amenities the downtown Casa Grande has to offer only a few miles away. San Carlos Irrigation is the power Company.(city Water) Arizona Water Company. Multiple Septic tanks on property.
Phoenix Mart set to break ground this year. Almost 3 million square feet of buildings and thousands of new jobs should make a huge boost in employment
for the Casa Grande area. WWW phoenixmart.com Call Phoenix mart for more info #602.663.9219

Location

For detailed information on future development, please go to
phoenixmart.com

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Park Information

Community Type: All Age
Number of MH Lots: 35
Total Occupancy: 20.0 %
Average MH Lot Rent: $280
Size: 5 acre(s)

Financial Information

Gross Income: $2,830
Operating Expense: $1,415
Net Operating Income: $1,415
Expense Ratio: 50.0 %
Debt Info: Non-asumable

Lot Information

Singlewide Lots: 35

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 6
Average Rent for Park-owned Homes: $360

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