Mobile Home Park Details
- Purchase Method: Seller Financing, Assumable Loan
- Cap Rate: 12.0%
- Listing ID: 675722
- Posted On: Jun 9, 2016
- Updated On: Apr 4, 2018
Description
Desert Hills Mobile Ranches is a 27 Space Park, Currently 19 are rented , 2 vacant spaces have units on them , the others are open. Very easy park to fill for the right buyer and make very nice income , most tenants have been here longer term and they are a great group of people. Very easy to take acre of, fill the other spaces and gradually increase rents. Has a very nice Large 3 bay Garage for the Park owners. Great Location and Property. You can assume $250,000.00 loan at 6% Interest with $229,000.00 down . We can keep a 2nd in place fro 1 year for at 12% Interest Only for 160K Buyer would need to close with the lalnce of 79K + closing costs. This would be an amazing RV Resort community
Location
Tombstone Arizona is one of the most desired tourist attractions in the US, we have thousands of people visit every week, and people just love living here.
We are one of the first places you see when you enter town, right next to Tombstone RV, a very nice RV Park. We are the 1st Mobile Home Park you see when you enter town from the Interstate 10
Amenities
- Storage
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 27 |
| Total Occupancy: | 70.0 % |
| Average MH Lot Rent: | $240 |
| Size: | 5 acre(s) |
Financial Information
| Gross Income: | $55,870 |
| Operating Expense: | $16 |
| Net Operating Income: | $39,060 |
| Expense Ratio: | 0.0 % |
Lot Information
| Singlewide Lots: | 23 |
| Park Model Lots: | 4 |
RV Information
| Number of RV Lots: | 4 |
| Average RV Lot Rent: | $399 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 2 |
| Average Rent for Park-owned Homes: | $500 |