Mobile Home Park
Paradise View MHC
1911 E Sweetwater Ave, Phoenix, AZ 85022
Listing Price: Request For Offer
Number of Spaces
83
Lot Size
10.77 acres
Occupancy
89.0%
Spaces/Acre
7.71
Year Built
1978
Investment Overview
See OM
Paradise View MHC
Investment Highlights
- -Generationally Owned & Operated | First Time Ever On-Market
- -83 Legal MH Sites (81 MH Sites | 1 Site Converted to Dog-Park | 1 Storage Area) -89 Separate & Contiguous Parcels Across 10.77 Acres (7.61 Sites Per Acre)
- -City Water & City Sewer -Direct-Billed Electricity -Flat-Rate Pass-Through for Water, Sewer, and Trash (Could be Direct-Billed to Tenants)
- -Site Mix: 44 TOH's (26 SW/18 DW), 24 MH Sites Occupied by RV'S, 11 POH's (6 SW/5 DW), 2 Vacant MH Sites, 1 Dog Park, Storage Area for Tenant Use, and Additional Undeveloped Land
- -Park-Owned Home Mix: 3 Occupied, 1 Mgr. Unit/Of?ce, 1 Rent Ready, 6 in Various Stages of Rehab.
- -Rare Opportunity in the High-Demand/Low-Velocity Phoenix Market -Current Avg. Site Rent is ~$632 | Avg. Market Site Rent is ~$850 (Not Including Utilities) | Immediate Upside In?lling MH Sites Occupied by RV's w/ Manufactured Homes -Recent MHP Transactions in the Area Represent an Average Price Per Site of ~$134,000 -Homes in the Community Have Sold for ~$70,000 - $115,000 Since 2023 w/ Age of Homes Ranging from 1984-1999.
- -Well-Maintained, Managed, & Landscaped -Wide Asphalt Roads w/ Cement Curbing | Block Retaining Walls |Modest Tree Canopy | Multiple Group Mailboxes -Appealing Community Layout Designed for Maximum Lot Size with 5 Large Cul-De-Sacs Throughout the Park, Serene Views, -Ease of Access, and Gravity Surface Drainage
Listing Price: Request For Offer
Number of Spaces
83
Lot Size
10.77 acres
Occupancy
89.0%
Spaces/Acre
7.71
Year Built
1978
Investment Highlights
- -Generationally Owned & Operated | First Time Ever On-Market
- -83 Legal MH Sites (81 MH Sites | 1 Site Converted to Dog-Park | 1 Storage Area) -89 Separate & Contiguous Parcels Across 10.77 Acres (7.61 Sites Per Acre)
- -City Water & City Sewer -Direct-Billed Electricity -Flat-Rate Pass-Through for Water, Sewer, and Trash (Could be Direct-Billed to Tenants)
- -Site Mix: 44 TOH's (26 SW/18 DW), 24 MH Sites Occupied by RV'S, 11 POH's (6 SW/5 DW), 2 Vacant MH Sites, 1 Dog Park, Storage Area for Tenant Use, and Additional Undeveloped Land
- -Park-Owned Home Mix: 3 Occupied, 1 Mgr. Unit/Of?ce, 1 Rent Ready, 6 in Various Stages of Rehab.
- -Rare Opportunity in the High-Demand/Low-Velocity Phoenix Market -Current Avg. Site Rent is ~$632 | Avg. Market Site Rent is ~$850 (Not Including Utilities) | Immediate Upside In?lling MH Sites Occupied by RV's w/ Manufactured Homes -Recent MHP Transactions in the Area Represent an Average Price Per Site of ~$134,000 -Homes in the Community Have Sold for ~$70,000 - $115,000 Since 2023 w/ Age of Homes Ranging from 1984-1999.
- -Well-Maintained, Managed, & Landscaped -Wide Asphalt Roads w/ Cement Curbing | Block Retaining Walls |Modest Tree Canopy | Multiple Group Mailboxes -Appealing Community Layout Designed for Maximum Lot Size with 5 Large Cul-De-Sacs Throughout the Park, Serene Views, -Ease of Access, and Gravity Surface Drainage
Investment Overview
See OM
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