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Mobile Home Park

Apache Mobile Park

79 Apache Trail, Saint David, AZ 85630

Listing Price: $4,740,000

Cap Rate
4.97%
Number of Spaces
128
Lot Size
26.00 acres
Occupancy
100.0%
Price/Space
$37,031
Spaces/Acre
4.92
Year Built
1970

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire Apache Mobile Home & RV Park, a 128-space 55+ mobile home & RV park in Saint David, Arizona. Located 50 miles from Tucson via I-10 W in Cochise County, the lush town of Saint David is an oasis in the desert. Located on over 26 acres, this well-maintained park has benefited from 30 years of continuous and caring ownership. Apache MH & RV is a stabilized asset with upside in rents, currently achieving $320/month for mobile home spaces and $270/month for RVs. Apache MH & RV features laundry & shower facilities, as well as a clubhouse and barbecue area. All homes occupying the Park’s 41 mobile home spaces are tenant-owned. Mobile home tenants are direct-billed for electricity, and the 87 pull-through RV spaces are serviced by 30/50 amp metered electricity. Water, sewer, and trash are paid for by the Park for both mobile home and RV spaces. A new owner could easily recapture water consumption through sub-metering. There is additional upside in the form of increasing RV occupancy and adding additional RV spaces. Boasting an average annual temperature of 66.4 °F, hiking, dining, and golfing opportunities abound in the area’s warm climate. With a 55+ population that is expected to grow 5.25% by 2025, Cochise County is a popular choice for retirees and snowbirds alike. A 10-minute drive from Saint David is the larger town of Benson, where residents can access amenities including a Walmart Supercenter, hospital, and public library.

Investment Highlights

  • Privately owned for nearly 30 years with no recent rental increases.
  • High degree of pride of ownership with well-maintained roads and manicured spaces.
  • Opportunity to recapture water consumption through submetering.
  • Opportunity to increase RV occupancy and add additional spaces.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Listing Price: $4,740,000

Cap Rate
4.97%
Number of Spaces
128
Lot Size
26.00 acres
Occupancy
100.0%
Price/Space
$37,031
Spaces/Acre
4.92
Year Built
1970

Investment Highlights

  • Privately owned for nearly 30 years with no recent rental increases.
  • High degree of pride of ownership with well-maintained roads and manicured spaces.
  • Opportunity to recapture water consumption through submetering.
  • Opportunity to increase RV occupancy and add additional spaces.

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire Apache Mobile Home & RV Park, a 128-space 55+ mobile home & RV park in Saint David, Arizona. Located 50 miles from Tucson via I-10 W in Cochise County, the lush town of Saint David is an oasis in the desert. Located on over 26 acres, this well-maintained park has benefited from 30 years of continuous and caring ownership. Apache MH & RV is a stabilized asset with upside in rents, currently achieving $320/month for mobile home spaces and $270/month for RVs. Apache MH & RV features laundry & shower facilities, as well as a clubhouse and barbecue area. All homes occupying the Park’s 41 mobile home spaces are tenant-owned. Mobile home tenants are direct-billed for electricity, and the 87 pull-through RV spaces are serviced by 30/50 amp metered electricity. Water, sewer, and trash are paid for by the Park for both mobile home and RV spaces. A new owner could easily recapture water consumption through sub-metering. There is additional upside in the form of increasing RV occupancy and adding additional RV spaces. Boasting an average annual temperature of 66.4 °F, hiking, dining, and golfing opportunities abound in the area’s warm climate. With a 55+ population that is expected to grow 5.25% by 2025, Cochise County is a popular choice for retirees and snowbirds alike. A 10-minute drive from Saint David is the larger town of Benson, where residents can access amenities including a Walmart Supercenter, hospital, and public library.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

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