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ABC MOBILE HOME PARK3870 E Benson HighwayTucson, AZ 85706PROPERTY OVERVIEW: 625,000 sales price 27 fully functioning sites plus 2temporary sites City water/city sewer Low rents and high vacancy, undermanaged park Cash to new loan 8.3% cap rate at market vacancy,10.6% cash on cash return, 14.6%total return Master-metered electric Large sites Management in place4552 E DESERT COVE AVE, PHOENIX, AZ 85028For more information, contact exclusive listing agent:John Sheedy, Vice Presidentjsheedy@parkbrokerage.comCell: 602.821.4666 Fax: 480.717.6955HAVING NO REASON TO BELIEVE OTHERWISE, PARK BROKERAGE DOES NOTGUARANTEE INFORMATION WITHIN IS ACCURATE
ABC MOBILE HOME PARK3870 E Benson HighwayTucson, AZ 85706For more information, contact: JOHN SHEEDY jsheedy@parkbrokerage.com 602.821.4666
ABC MOBILE HOME PARK3870 E Benson HighwayTucson, AZ 85706Sales Price 625,000 Down Payment 218,75038 Permitted Sites, City Water, Individually -Metered SRP Meters on Each SiteEstimated Vacancy & ExpenseSee Actual and Pro Forma , Rent RollAge1997Capitalization Rate – Pro Forma8.3%Total Parcel Size2.2 AcresCash on Cash Return10.6%No. Spaces38 permitted plus 3 temp/holding sitesLoanNew Loan – Regional BankWater/SewerCity/SepticPROPERTY INFORMATION:Located within five miles of all of Tucson’s largest employers (Raytheon, Davis Montham Air Force Base, University ofArizona) ABC is a high upside park with vacancy rates far above market average and rents under 300 in a mid- 300’slocation. ABC has 27 total sites plus two small overflow sites which can only accommodate RV’s and is on cityservices. All utilities including gas are master-metered and have been sub-metered by the seller. Most of the spaces canaccommodate full mobile homes due to the 11 sites per acre density. Roads are gravel and all sites are 50ampservice. All sites are mobiles with the exception of one park model and one RV. Underground water/sewer lines aregalvanized however have been repaired with PVC as needed. There is an additional 8,000 per year in note incomenot included in NOI and two vacant homes which may require rehab. All homes are skirted and sell for around 7,000- 10,000 per manager. The manager has been on-site for several years and is active in maintenance and tenantoversight. Broker believes with more active management on the ownership level can get this park moving along.Perfect for a first-timer or with an investor with other properties in the area. Seller is motivated!!!Current Rates: Monthly 295 UtilitiesCurrent Vacancy – 33%PLEASE DO NOT DISTURB TENANTS OR MANAGEMENT IF VISITING PARK. THEY ARENOT AWARE PARK IS FOR SALE. PLEASE KEEP THIS LISTING CONFIDENTIAL.LOAN INFORMATION:Down payment of 218,750 or 35%. New bankloan of 406,250 with monthly payments basedon a 25-year amortization at 5% is 2,374 permonth or 28,490 annually. Earn out likely oncepark is stabilized.NET INCOME: 51,695Total Annual Principal Payment 28,490Estimated Annual Pre-Tax Cash Flow 23,205Plus Principal Reduction Year 1 8,877Total Return 32,082For more information, contact: JOHN SHEEDY jsheedy@parkbrokerage.com 602.821.4666
ABC MOBILE HOME PARK3870 E Benson HighwayTucson, AZ 85706Financial DataFor more information, contact: JOHN SHEEDY jsheedy@parkbrokerage.com 602.821.4666
ABC MOBILE HOME PARK3870 E Benson HighwayTucson, AZ 85706Rent RollFor more information, contact: JOHN SHEEDY jsheedy@parkbrokerage.com 602.821.4666
ABC MOBILE HOME PARK3870 E Benson HighwayTucson, AZ 85706MapFor more information, contact: JOHN SHEEDY jsheedy@parkbrokerage.com 602.821.4666
ABC MOBILE HOME PARK 3870 E Benson Highway Tucson, AZ 85706 PROPERTY OVERVIEW: . Tucson, AZ 85706. For more information, contact: JOHN SHEEDY jsheedy@parkbrokerage.com 602.821.4666 Financial Data ABC MOBILE HOME PARK 3870 E Benson Highway Tucson, AZ 85706. Rent Roll
