102 S 92nd Ave, Phoenix, AZ
Mobile Home Park for Sale - $310,000 - 0.3 acres
Property Info
| CIMLS# | 161889 |
| Location 102 S 92nd Ave Phoenix AZ 85353 | |
| Updated | June 15th, 2012 |
| Type | Mobile Home Park |
| Price | $310,000 |
| Land | 0.3 acres |
Property Description
MOBILE PARK 14sp cap 16.62 at 310k cash, or SELLER CARRY
13 spaces w/park-owned homes rented WEEKLY
1 house/office 2br rented WEEKLY
102 S 92nd Ave, Tolleson AZ 85353 (92nd Ave / Van Buren)
Lots of people need very cheap housing right now - MAKE MONEY RENTING IT TO THEM. Family park is turn-key and very profitable, but out of state sellers are concentrating on self-storage units in their home state.
Usually 100% occupied. Currently 2 vacancies: 1 unit freshly rehabbed, 1 being rehabbed. Fully permitted. Park is in a residential neighborhood near public transportation, and only 8 miles to downtown Phoenix
From seller's financials calculated fiscally Sep 2010 - Aug 2011:
* $310k cash = CAP rate 16.62% * NOI yr $51,527 * Cashflow $26,778
* ...or...
* $360 carry w/third down = CAP 14.31% * NOI yr $51,527 * Cashflow $22,786
Buyer pays closing. Seller carry requires 125k down.
PLEASE DO NOT TALK TO TENANTS. THEY DO NOT KNOW PARK IS FOR SALE.
Contact me for financials, more pics, and escrow info.
Chuck 480-733-7887
Chuck@TheHomebaseLLC.com
Financials
From seller's financials calculated fiscally Sep 2010 - Aug 2011:
* $310k cash = CAP rate 16.62% * NOI yr $51,527 * Cashflow $26,778
* ...or...
* $360 carry w/third down = CAP 14.31% * NOI yr $51,527 * Cashflow $22,786