Mobile Home Park
Mountaingate Estates Mobile Home Park
8958 6 Shooter Canyon Rd, Globe, AZ 85501
Listing Price: $3,050,000
Cap Rate
8.20%
Number of Spaces
110
Lot Size
19.53 acres
Occupancy
43.0%
Price/Space
$27,727
Spaces/Acre
5.63
Year Built
1978
Investment Overview
See OM
Mountaingate Estates Mobile Home Park
Investment Highlights
- +/- 19.53 Acre Community Located 90 Minutes Outside of Phoenix
- 109 MH Sites (21 POH's) | 1 Apartment Office
- Incoming Cap Rate 8.2%+ | ~$27,982 Price Per Site
- Gross Income Projected to be ~$420,035
- Conservatively Underwritten w/ a ~46.51% Expense Ratio
- ~60% Current Occupancy | Infill Upside for Incoming Buyer
- Direct-Billed Gas & Electric
- The Park has Recent Newly Paved Roads & Five (5) Newer Park
Exclusively Listed By
Broker of Record
-
Ryan Sarbinoff
Senior Managing Director, Market Leader - Arizona
Financing By
Listing Price: $3,050,000
Cap Rate
8.20%
Number of Spaces
110
Lot Size
19.53 acres
Occupancy
43.0%
Price/Space
$27,727
Spaces/Acre
5.63
Year Built
1978
Investment Highlights
- +/- 19.53 Acre Community Located 90 Minutes Outside of Phoenix
- 109 MH Sites (21 POH's) | 1 Apartment Office
- Incoming Cap Rate 8.2%+ | ~$27,982 Price Per Site
- Gross Income Projected to be ~$420,035
- Conservatively Underwritten w/ a ~46.51% Expense Ratio
- ~60% Current Occupancy | Infill Upside for Incoming Buyer
- Direct-Billed Gas & Electric
- The Park has Recent Newly Paved Roads & Five (5) Newer Park
Investment Overview
See OM
Exclusively Listed By
Broker of Record
-
Ryan Sarbinoff
Senior Managing Director, Market Leader - Arizona
Financing By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
