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.
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: | $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 |