Apache Palms MH/RV Park

Property Description:

Located in the snowbird destination of Apache Junction, Apache Palms is a very clean 55+ MH/RV park with an apartment component which has been under the same family ownership since the 1960’s. This park has absurdly low rents in a non-rent control market which offer a buyer tremendous upside in a prime location with possible future development opportunity. Annual MH tenants pay less than $200 a month and apartments are only rented out seasonally. RV lot rents are also very low for the market. The clubhouse and common areas have been immaculately upgraded, inside of clubhouse looks like a custom home and has concerts during the busy season. Three of the apartments have been upgraded and could likely be rented year-around. Sale includes two mobile homes, one of which is a doublewide and the other has been recently remodeled. Owners have never tried park model sales but park has the location for that opportunity. Broker recommends possibly adding a pickleball court, upgrading billiards room, and especially increasing rents to at or near market. The property has a federal patent easement running through north and east sides of property which would not allow for replacement of current mobile homes, only RV’s.   Only 30 minutes from Sky Harbor Airport and directly across from new commercial developments and Northern Arizona University campus. Not many opportunities like this in the market, motivated sellers so bring all offers!