53390 E US Highway 60, Miami, AZ
Multi-family for Sale - $845,000 - 3 acres
Agent Info
Catherine Fox Gundersen Coldwell Banker Commercial Realty |
Property Info
CIMLS# | 1165349 |
Location 53390 E US Highway 60 Miami AZ 85539 | |
Updated | November 22nd, 2024 |
Type | Multi-family |
Price | $845,000 |
Land | 3 acres |
Property Description
Invest in a prime opportunity with this RV/mobile home park located at The Top of the World, Miami, AZ. This property boasts a 1100 SF tri-unit apartment building, 1000 SF former restaurant building and 800SF retail building. 16 RV/ mobile home sites, and a rich history dating back to 1955, with renovations in 1996. Benefitting from a Manufactured Home zoning, the park's 90% occupancy and $5,400 monthly income offer a strong foundation. Situated in the elevated Miami area, at 3,500 feet above sea level, the property holds potential for expansion with four wells on-site. With one dedicated well currently servicing the entire property, there's significant value-add potential awaiting the savvy investor.