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

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Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan, Assumable Loan
  • Cap Rate: 11.0% (Actual)
  • Listing ID: 467900
  • Posted On: Aug 28, 2014
  • Updated On: Dec 3, 2015

Description

The Property owner has to sell due to his health.
Older but clean RV-Mobile Home Park. 53 Spaces- Rec Hall - Laundry Room
Approximately half the homes are park owned and half are privately owned.
The park is on Septic and Water Well. The Park has a good reputation and the park homes rent quickly.
The selling price has a high cap with excellent financing

Amenities

  • Laundromat
  • Club House
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Park Information

Community Type: All Age
Number of MH Lots: 53
Total Occupancy: 80.0 %
Year Built: 0
Size: 3 acre(s)

Financial Information (Actual)

Gross Income: $146,350
Operating Expense: $38,419
Net Operating Income: $107,931
Expense Ratio: 26.3 %
Debt Info: Owner Financing

Lot Information

Singlewide Lots: 53
Park Model Lots: 53

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

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