Photo of Mobile Home Community
Photo of Mobile Home Community
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Community
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 13.5%
  • Listing ID: 70099
  • Posted On: May 27, 2011
  • Updated On: Nov 1, 2011

Description

Price Reduced! Just $20,833 per pad! / Cash or CTNL / Property Shows a 13.5% Cap Rate with 26% Cash Flow at List Price & Terms!

Super little 60 Space Cash Flow Machine on 7 acres with Highway Frontage! County plans to Signalize the Corner!

Location

Located at Central Avenue and Highway 69 in Mayer AZ - in a significant growth corridor - just 20 minutes south of Prescott!

For Complete Details download the linked Marketing Prospectus.

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: 60
Total Occupancy: 95.0 %
Year Built: 1957
Average MH Lot Rent: $383
Size: 7 acre(s)

Financial Information (Pro Forma)

Gross Income: $270,900
Operating Expense: $101,898
Net Operating Income: $169,002
Expense Ratio: 37.6 %
Debt Info: Assume 1st TD / or CTNL

Lot Information

Singlewide Lots: 53
Doublewide Lots: 0

RV Information

Number of RV Lots: 7
Average RV Lot Rent: $288

Utility Information

Water: Well
Water Paid By: Park
Sewer: Treatment Plant

Park-Owned Homes

Number of Park-owned Homes: 9
Average Rent for Park-owned Homes: $518