Sierra Vista RV Park

Property Description:

Less than an hour from Phoenix Sky Harbor in the Phoenix suburb of Casa Grande is Sierra Vista RV Park, a high cash flow permenant all ages property with low vacancy and large sites. Sierra Vista was acquired a year ago and the seller has put in countless new additions to the property including but not limited to: a new water filtration system, new management (which will stay with new owner), new mailboxes, trash enclosures, new BBQ area, renovated laundry room, front landscaping, new signage, new store with office, and gated storage area. The property runs like a mobile home park so no in and out tenancy, all extended stay working families and fixed-income retirees. The property is on 15 total acres in the path of progress (with municipal water access) and has two acres zoned commercially. Permits and extra land allow for 160 sites and there is already two 25600 gallon septic tanks with dry wells not being used ready for this expansion. All septics will be certified by ADEQ prior to selling. Sierra Vista was built in the 1990’s so the infrastructure is new, electric is run in conduit and the water/sewer systems use modern plumbing materials. Rents were raised to $270 per month which is about 10-15% below market at minimum. Only 4 vacant spaces during the middle of the summer illustrate the demand for housing in the area which will only become greater as the Lucid Motors and other large Casa Grande projects become reality. Lucid just received funding to begin building their electric car factory less than 3 miles away which is slated to employ 2000 full time workers upon completion. Other projects for the immediate area include Dreamport Village 1500 acre amusement park and 2300 acre Attesa Motorsport facility both of which will provide thousands of jobs to the area. This property is in the path of progress offering an investor the ability to run as an extended stay RV park with high returns plus expand to build more equity.