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Browse More Listings in Multifamily For Sale, Casa Grande, AZ or Arizona

Multifamily Property For Sale

Casa Grande Area Mobile Home Park

5201 S. Chuichu Rd, Casa Grande, AZ 85230

Price:
$3,800,000
No. Spaces:
100
Price/Space:
$38,000
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Additional Sub-types:
Multifamily (land)
Property Use Type:
Investment
Commission Split:
2.5%
Cap Rate:
5.40%
Year Built:
1983
Lot Size:
35 AC
Find Out More...

Last Verified 10/15/2009 Listing ID 15225472

Highlights

Purchase Price also includes the adjacent 15 acres
46-park owned mobile homes

Owner will carry with $750,000.00 down payment

Description

REDUCED AGAIN TO $3,800,000!!! SAVE $800,000 FROM ORIGINAL ASKING PRICE!!!

Fully improved 100-space operating Mobile Home Park on twenty acres
Purchase Price also includes the adjacent 15-acres zoned for additional 80-units.
Total land size of park is 35 acres zoned M.H.P.
Also included in Purchase Price 50-park owned mobile homes
Gross Monthly Income approximately $32,000
Year to Date Net Operating Income $205,000 ($17,000+/month)
60% Occupancy
$384,000 annual Gross Income

North of Highway 8 on Chuichu Road

Financial Summary

Debt & Equity Information

Actual
Year
2008
Scheduled Gross Income
$420,000
Net Operating Income
$300,000

Map of 5201 S. Chuichu Rd, Casa Grande, AZ 85230 (Pinal County)

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Presented by

AZ Real Estate Group

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Contact Listing Broker

Stephen Chylko, Jr. (602) 995-4122

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Created 7/3/2007

Additional Information for 5201 S Chuichu Road, Casa Grande, AZ 85293

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - Casa Grande Area Mobile Home Park

5201 S. Chuichu Rd, Casa Grande, AZ, 85230