Contact Information

Mobile Home Park Details

  • Price: $4,400,000
  • Purchase Method: New Loan, Assumable Loan
  • Cap Rate: 6.0%
  • Property ID: 987557
  • Posted On: Sep 7, 2018
  • Updated On: Jun 25, 2020

Property Description

85 pads + 5 apartments 10 minutes to Sky Harbor Airport and downtown Phoenix. Excellent R-5 Land for development. 5 acres + - Seller will work with the buyer who desires empty R-5 acreage.
Minutes to the 202 freeway and 5 minute to Scottsdale.

Location

A few blocks Near Loop 202 and the I-10 excellent R-5 multifamily high density land value.

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Park Information

Community Type: All Age
Number of MH Lots: 86
Total Occupancy: 71.0 %
Year Built: 60
Average MH Lot Rent: $465
Size: 5 acre(s)

Financial Information (Actual)

Gross Income $456,000
Operating Expense $25
Expense Ratio 0.0 %
Debt Info existing 2 loans $1,020,000.00 6.2% assumeable

Lot Information

Singlewide Lots: 100
Doublewide Lots: 0
Triplewide Lots: 0

RV Information

Number of RV Lots: 8
Average RV Lot Rent: $395

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 10

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