Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 8.4% (Pro Forma)
- Listing ID: 6717373
- Posted On: Sep 4, 2024
- Updated On: Jul 21, 2025
Description
This listing is for the park located at 153 N Ocotillo Dr Apache Junction, AZ 85120. 153 N Ocotillo Dr is a gated community with a total of 16 lots...9 RV units, 3 stick built homes (including two duplex), 1 manufactured home, 1 tiny home, community laundry room and 12 storage sheds. 4 lots ready for additional units/income potential. All new electrical equipment rerouted underground - all units individually metered - 100 amp pedestals. Park is located within the Phoenix metropolitan area with booming growth - minutes from the 60 and 202 and walking distance to Wal-Mart and Safeway. Proforma numbers in listing. Please see attachments for trailing 12 numbers.
Amenities
- Laundromat
- Storage
Park Information
| Community Type: | All Age |
| Total Occupancy: | 95.0 % |
| Year Built: | 1950 |
Financial Information (Pro Forma)
| Gross Income: | $156,756 |
| Operating Expense: | $47,665 |
| Net Operating Income: | $101,373 |
| Expense Ratio: | 30.4 % |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |