Mobile Home Park Details
- Cap Rate: 10.2%
- Listing ID: 12458
- Posted On: Jun 2, 2010
- Updated On: Oct 12, 2010
Description
Opportunity Knocks!
Attractive, Well-Kept MHRV Park with 65 spaces on 3.79 acres +- !
At $13,831Per Pad The Property Is Priced At Less Than Replacement Cost!
A Moneymaker with a 7.6% Cap Rate on Current 2009 Income & Expense!
Easy Upside to a 9.4% Cap Rate and Double Digit Cash Flow!
Great Opportunity with Seller Financing available!
Location
Excellent Location in Peaceful Phoenix-Metro East Valley Neighborhood
Amenities
- Laundromat
- Club House
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 65 |
| Year Built: | 1954 |
| Average MH Lot Rent: | $237 |
| Size: | 4 acre(s) |
Financial Information
| Gross Income: | $189,362 |
| Operating Expense: | $97,492 |
| Net Operating Income: | $91,869 |
| Expense Ratio: | 51.5 % |
Park-Owned Homes
| Number of Park-owned Homes: | 18 |
| Average Rent for Park-owned Homes: | $415 |