Arizona Mobile Home & RV Park

Property Description:

Arizona Mobile Home Park is a 5-acre site with scenic views located in the heart of Apache Junction, Arizona. This park offers an investor a mobile home park with big rental and vacancy upside. Near all amenities yet with a quiet location on a large parcel, this park features rents of $365 (~10% under market) and 20% vacancy (market vacancy is under 10%). Park offers a 7.0% entry cap rate and available bank financing. Several park-owned homes included in the sale. Upside includes filling vacant spaces either with mobile homes or adding winter RV rentals and increasing rents. Park needs some general rule enforcement and cleanup however bones are there for a solid 3-star community at a low price per site entry. Safe park with working-class/retired tenant base offers easy management for off-site buyer. Located near hiking and horse trails. The park is located in a flood zone; has paved roads, mastermetered electric (all or most 50amp minimum service), and metered city water. The park is serviced by several septic tanks which will be certified prior to close of escrow. Park contains nine RV’s, four park models, and the rest are mobile homes mostly older inventory.