ABC Mobile Home Park

Property Description:

Located within five miles of all of Tucson’s largest employers (Raytheon, Davis Montham Air Force Base, University ofArizona) ABC is a high upside park with vacancy rates far above market average and rents under $300 in a mid-$300’s location. ABC has 27 total sites plus two small overflow sites which can only accommodate RV’s and is on city services. All utilities including gas are master-metered and have been sub-metered by the seller. Most of the spaces can accommodate full mobile homes due to the 11 sites per acre density. Roads are gravel and all sites are 50amp service. All sites are mobiles with the exception of one park model and one RV. Underground water/sewer lines are galvanized however have been repaired with PVC as needed. There is an additional $8,000 per year in note income not included in NOI and two vacant homes which may require rehab. All homes are skirted and sell for around $7,000 – $10,000 per manager. The manager has been on-site for several years and is active in maintenance and tenant oversight. Broker believes with more active management on the ownership level can get this park moving along. Perfect for a first-timer or with an investor with other properties in the area. Seller is motivated!!!