Jake’s Corner RV Park

Property Description:

Jakes Corner RV Park is a 45 mobile home park site located in the heart of Payson, Arizona. 1.5-star mobile home and RV park near Payson directly on Highway 188 offers an attractive entry price per site and big rental and infill upside. Park has 29 full time occupants so has some room for infill as proximity to Payson job center and low rents make infill possible with better marketing. The park is located next to a bar/restaurant as well as a general store not far off Beeline Highway just ten minutes from Mazatzal Casino and Payson. Also not far from Roosevelt Lake. The park is on well and septic which will be certified prior to closing. Electric was upgraded at the park with portions being re-qired and brand new meters (pictured).

There is a breakdown as follows of park inventory:

Mobile Homes: 6 (3 of which are doublewides)

Park Models: 6

Permanent Trailers: 6

Transient RV: 9

The park has been mis-mananged and seller has not been spending the adequate time needed to bring up to full potential. The park is an hour from Scottsdale so can be managed remotely from Phoenix area without much issue. Broker recommends new marketing plan built around low income. Gross potential income is $59,300 plus electricity pass through so a great opportunity in a market with a median one bedroom rent of $795.