Mobile Home Park

Mountain Shadows

8696 6 Shooter Canyon Rd, Globe, AZ 85501

Listing Price: $550,000

Cap Rate
9.05%
Number of Spaces
16
Lot Size
2.14 acres
Price/Space
$34,375
Spaces/Acre
7.48
Year Built
1968

Investment Overview

Mountain Shadows Mobile Home Park is located near the foot of the beautiful Pinal Mountain range in Globe, Arizona. Globe is surrounded by the magnificent Tonto National Forest and some of the most spectacular mountain vistas in the Southwest. At the junction of U S Highway 60 and State Route 77, Globe is a gateway to Roosevelt Lake, the San Carlos Apache lands, and the Pinal Mountains, where visitors can choose from several outdoor activities such as fishing, hunting, hiking, and mountain biking.

Mountain Shadows is situated at an elevation of 3,718 feet and is in Gila County, which has a population of 7,532 per the 2010 census. Globe has a semi arid climate that is tempered by its elevation The temperatures typically range from a high of 80 degrees to a low of 40 degrees Fahrenheit, and hot summers can range between 90-and 100-degrees Fahrenheit. According to BestPlaces Comfort Index, Globe is a 7.7 out of 10 which means it is more comfortable than most places in Arizona.

The community consists of 16 MH sites with 11 single wide homes, 4 double wide homes and 1 vacant lot. There are 4 tenant owned homes and 11 park owned homes (POH) of which two POH's are vacant. The POH portfoilio is included in the sale price and the detail for these homes can be found on page 10 of this marketing package.

The park is priced at $400,000 at a cost per site of $25,000 and a cap rate of 8.03% using a 39.42% expense load at a $2,106 expense per site. The eleven 11 park owned home portfolio is valued at $150,000 $13,636 per unit) and generates $3,350 of monthly revenue above the current monthly net site rents of $4,160 The park owned home rents range from $290 to $390 net of site rent.

The blended investment offers a 9 05 cash return with an all cash offer at 550 000 The exact structure of the real and personal property allocation and collateral will be determined by the Principals and their respective legal and accounting administrators.(Marcus Millichap is not licensed to sell mobile homes and does not charge or receive a commission on the personal property transaction between the principals)

Investment Highlights

  • 16 Mobile Home Sites. Built in 1968. 7.48 Site per Acre
  • 11 Single-Wide MH, 4 Double-Wide MH, & 1 Vacant Lot
  • 11 POH Portfolio Valued at $150,000
  • City Water & Septic Served
  • Direct Electric, Natural Gas, & Satellite Cable TV

Exclusively Listed By

Listing Price: $550,000

Cap Rate
9.05%
Number of Spaces
16
Lot Size
2.14 acres
Price/Space
$34,375
Spaces/Acre
7.48
Year Built
1968

Investment Highlights

  • 16 Mobile Home Sites. Built in 1968. 7.48 Site per Acre
  • 11 Single-Wide MH, 4 Double-Wide MH, & 1 Vacant Lot
  • 11 POH Portfolio Valued at $150,000
  • City Water & Septic Served
  • Direct Electric, Natural Gas, & Satellite Cable TV

Investment Overview

Mountain Shadows Mobile Home Park is located near the foot of the beautiful Pinal Mountain range in Globe, Arizona. Globe is surrounded by the magnificent Tonto National Forest and some of the most spectacular mountain vistas in the Southwest. At the junction of U S Highway 60 and State Route 77, Globe is a gateway to Roosevelt Lake, the San Carlos Apache lands, and the Pinal Mountains, where visitors can choose from several outdoor activities such as fishing, hunting, hiking, and mountain biking.

Mountain Shadows is situated at an elevation of 3,718 feet and is in Gila County, which has a population of 7,532 per the 2010 census. Globe has a semi arid climate that is tempered by its elevation The temperatures typically range from a high of 80 degrees to a low of 40 degrees Fahrenheit, and hot summers can range between 90-and 100-degrees Fahrenheit. According to BestPlaces Comfort Index, Globe is a 7.7 out of 10 which means it is more comfortable than most places in Arizona.

The community consists of 16 MH sites with 11 single wide homes, 4 double wide homes and 1 vacant lot. There are 4 tenant owned homes and 11 park owned homes (POH) of which two POH's are vacant. The POH portfoilio is included in the sale price and the detail for these homes can be found on page 10 of this marketing package.

The park is priced at $400,000 at a cost per site of $25,000 and a cap rate of 8.03% using a 39.42% expense load at a $2,106 expense per site. The eleven 11 park owned home portfolio is valued at $150,000 $13,636 per unit) and generates $3,350 of monthly revenue above the current monthly net site rents of $4,160 The park owned home rents range from $290 to $390 net of site rent.

The blended investment offers a 9 05 cash return with an all cash offer at 550 000 The exact structure of the real and personal property allocation and collateral will be determined by the Principals and their respective legal and accounting administrators.(Marcus Millichap is not licensed to sell mobile homes and does not charge or receive a commission on the personal property transaction between the principals)

Exclusively Listed By

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