Westview Mobile Home Park
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Lot #: $6331
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Price: $1,000,000
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Address: 6331 Glendale, AZ 85301
Property Description:
New to the market in downtown Glendale and across the street from largest high school in the West Valley, Westview Mobile Home Park offers a stable product in an area with growing land values and redevelopment opportunities. Electric is direct billed by APS and water is submetered with a utility billing program in place. All homes are tenant-owned with 14 currently on notes which convey with sale. One unit is vacant which is park-owned and seller uses for personal and park storage. Can be used for a manager or sold for additional revenue. One more permitted space is currently undeveloped and needs electric. $25,000 in remaining note balance.
Seller will carry in second position after Union Bank loan is assumed. Currently $480,000 left on that loan with 18 years left at 6.25% fixed interest financing. Payments approximately $3519/mo on Union Bank. Seller will carry interest only for 3 years before balloon payment.
Glendale Arizona is the home of the 2015 Super Bowl as well as the Fiesta Bowl, 2016 College Football National Championship game, 2018 Final Four, and the NFL Arizona Cardinals. Please see website for more details about this suburb of Phoenix…http://www.visitglendale.com/