Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 16.1% (Actual)
- Listing ID: 460775
- Posted On: Jul 31, 2014
- Updated On: Dec 30, 2021
Description
Chimney Ranch Mobile Home Park consists of 60 mobile home spaces 45 of which currently have a home on situated on 7.36 acres zoned R1-12/SP (park is grand-fathered in per County P&Z) with 3000’ +- frontage on Highway 69 in
the corridor to Prescott. The property is served by: Arizona Public Service - Electric; Onsite Well - Water; Onsite Waste water Treatment Plant - Sewer; Waste Management - Trash; & Qwest - Phone. Roads consisting of both gravel and paved.
Space rents currently average approx. $350 + E per mo. including W/S/T.
Notes: No Seller Warranties: Real and Personal Property being sold in “as-is, where-is” condition.
CAP Rate of 16.12% is based on 2013 P&L statement with a annual income of $89,581.
Mayer is located about 60 miles northwest of Metro-Phoenix, 25 miles southeast of Prescott, and just 8 miles west of the Highway 69 exit off the I-17 in Cordes Junction.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 60 |
| Size: | 7 acre(s) |
Financial Information (Actual)
| Gross Income: | $198,420 |
| Operating Expense: | $89,581 |
| Net Operating Income: | $108,839 |
| Expense Ratio: | 45.1 % |
Utility Information
| Water: | Well |
| Sewer: | Treatment Plant |