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: 12.1%
- Listing ID: 639733
- Posted On: Mar 1, 2016
- Updated On: Feb 23, 2017
Description
MAJOR PRICE BREAK! Immaculate turn key property located on the corner of Main Street and Extension Road in Mesa, AZ.
A 12.1% cap rate and 21% cash flow to start. Upside in rents. Home/Office for onsite manager plus 41 rental spaces & units. C-zoned 1.7 acre parcel with potential for higher & better use!
Paved Roads & All City Services!
Contact Broker for a complete package!
Location
Great corner spot on Main street in Mesa with the Light Rail on the property's doorstep! Desirable Phoenix-metro location! Good Numbers!
Contact Broker for a complete marketing package.
Amenities
- Laundromat
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 42 |
| Total Occupancy: | 95.0 % |
| Year Built: | 1955 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $283,488 |
| Operating Expense: | $132,058 |
| Net Operating Income: | $151,438 |
| Expense Ratio: | 46.6 % |
| Debt Info: | cash or ctnl |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |