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Mobile Home Park Details

Purchase Method: Seller Financing
Cap Rate: 14.0% (Actual)
Listing ID: 445062
Posted On: May 21, 2014
Updated On: Aug 12, 2014

Description

This is a great 53 space family Park on the west side of Yuma. Well kept with paved roads in a quiet setting. Owner financing.25% Cash on cash return with 22% down.NO QUALIFYING. Fully amortized loan over 15 years. Management in place and will stay. This is a great Park with great cash flow. Park is on septic and well water which helps keep the expenses low.. Please, No Agents, principles only. Thank you
Please DO NOT contact the on site management or tenants. They do not know the Park is for sale.

Amenities

Laundromat

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Park Information

Community Type:	All Age
Number of MH Lots:	53
Total Occupancy:	88.0 %
Average MH Lot Rent:	$345
Size:	3 acre(s)

Financial Information (Actual)

Gross Income:	$182
Operating Expense:	$38
Net Operating Income:	$122
Expense Ratio:	20.9 %
Debt Info:	Owner will carry @7% fully amortized over 15 years.$6068. monthly

Lot Information

Singlewide Lots:

Utility Information

Water:	Well
Water Paid By:	Park
Sewer:	Septic

Park-Owned Homes

Number of Park-owned Homes:	26
Average Rent for Park-owned Homes:	$345

Lucky Park Del Sur 5790 West 8th Street, Yuma, AZ 85364

Expired Price Reduced