NOTE** regarding rent increases: Effective Dec 1st, new rent total to be $5,160
Presenting a great investment opportunity: a tenant-maintained mobile home park with 15 spacious lots. Priced attractively at $475,000, it offers a high CAP rate of over 11.5%, ensuring solid returns.
The park’s 15 spaces comprise 11 rented at $250/month, 1 at $350/month, and 3 park-owned units. Total monthly rent is $4,610.
Long-term, reliable tenants are current on payments, responsible for maintenance and lawns, and pay for their own electricity. The park operates on a well and septic system, minimizing bills.
With a hands-off approach, this investment delivers monthly checks while tenants maintain their spaces. Don’t miss this turn-key opportunity for stable income and growth potential.
- 15 spaces
- 11 spaces rent for $250/mo
- 1 space rents for $350/mo
- 3 people rent park owned units
- Total monthly rent: $4,610
- Purchase Price: $475K
- CAP Rate: over 11.5%
- All tenants long term and current on the payments
- Tenants pay electric
- Tenants responsible for all maintenance (even on park owned units)
- Tenants responsible for all lawns
- Park is on well and septic, so no bills
- Owner currently pays for trash, however bills can be changed so tenants pay individually, call trash company.
- 100% hands-off
Globe, Arizona: a fun small-town atmosphere
As a charming, southwestern town approximately 88 miles from Phoenix, Globe invites you to experience its rich mining history and natural beauty. Nestled amid picturesque desert landscapes, Globe offers a warm, welcoming atmosphere. Explore historic streets, discover local art, and immerse yourself in a community known for its friendly spirit. With its unique blend of heritage and stunning surroundings, Globe is a hidden gem ready to be explored.