Contact Information

Mobile Home Park Details

  • Price: $6,000,000
  • Purchase Method: New Loan, Assumable Loan
  • Cap Rate: 6.0%
  • Property ID: 987557
  • Posted On: Sep 7, 2018
  • Updated On: Mar 29, 2021

Property Description

80 pads + 7 apartments 10 minutes to Sky Harbor Airport and downtown Phoenix. Excellent R-5 max high density Land for development. 5 acres + - Seller will work with the buyer who desires empty R-5 acreage. No onsite manager ever with this owner. Tenants mail in rent.
No Park owned trailers. All utilities paid by Tenants. Minutes to the 202 freeway and 5 minutes to Scottsdale. Very desirable NE Phoenix area.
Google GIS maps drives through the Parks.

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: $440
Size: 5 acre(s)

Financial Information (Actual)

Gross Income $464,000
Operating Expense $25
Net Operating Income $348,000
Expense Ratio 0.0 %
Debt Info existing 2 loans $1,150,000.00 6.2% assumable

Lot Information

Singlewide Lots: 80
Doublewide Lots: 0
Triplewide Lots: 0
Park Model 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

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