Mobile Home Park
Phoenix MSA 4-Park Portfolio
211 E Illini St, Phoenix, AZ 85040
Listing Price: $5,200,000
Cap Rate
7.80%
Number of Spaces
95
Lot Size
6.11 acres
Occupancy
85.0%
Price/Space
$54,737
Spaces/Acre
15.55
Year Built
2000
Investment Overview
See OM
Phoenix MSA 4-Park Portfolio
Investment Highlights
- 4-Park 95-Site Portfolio in the Greater Phoenix MSA (Phoenix, Apache Junction, & Florence)
- Comprised of 90 Full-Hook-Up Sites, 2 MH Sites, 1 Single-Family Residence, 1 Storage Building, & 1 Apartment on 6.11 Total Acres
- 7.27% Day-1 Cap Rate | Attractive Price-Per Site of ~$55,000
- Brand New Roads & Electricity at Each Park Among Significant Recent Improvements
- Combined ~90% Occupancy | Occupancy Set to Increase as Mesquite Ranch Renovations were Recently Completed
- Master Metered City Water & City Sewer at all Parks
Listing Price: $5,200,000
Cap Rate
7.80%
Number of Spaces
95
Lot Size
6.11 acres
Occupancy
85.0%
Price/Space
$54,737
Spaces/Acre
15.55
Year Built
2000
Investment Highlights
- 4-Park 95-Site Portfolio in the Greater Phoenix MSA (Phoenix, Apache Junction, & Florence)
- Comprised of 90 Full-Hook-Up Sites, 2 MH Sites, 1 Single-Family Residence, 1 Storage Building, & 1 Apartment on 6.11 Total Acres
- 7.27% Day-1 Cap Rate | Attractive Price-Per Site of ~$55,000
- Brand New Roads & Electricity at Each Park Among Significant Recent Improvements
- Combined ~90% Occupancy | Occupancy Set to Increase as Mesquite Ranch Renovations were Recently Completed
- Master Metered City Water & City Sewer at all Parks
Investment Overview
See OM
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