Mobile Home Park Details

  • Purchase Method: New Loan, Assumable Loan
  • Cap Rate: 6.0%
  • Listing ID: 987557
  • Posted On: Sep 7, 2018
  • Updated On: Feb 2, 2022

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.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

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

RV Information

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

Utility Information

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