Description

PRICE HAS JUST BEEN REDUCED. SELLER FINANCING IN PLACE FOR 5 YEARS AT 6.5% INTEREST ONLY WITH $500,000.00 DOWN (27.8%)!!! WITH AN N.O.I. OF APX. $133,000.00 FOR 2008 PLACES THE CASH ON CASH RETURN AT 9.7%. THE "FLYER" ICON LOCATED BELOW THE BLUE ATTACHMENTS BAR INCLUDES A JAN. 2009 RENT ROLL, A YEAR END 2008 & 2007 PROFIT & LOSS STATEMENTS, A LIST OF THE PARK OWNED HOMES, THE LAST RENT RAISE NOTICE AND A SITE MAP. First time on the market in 19 years. This 55+ property has 33 rental homes that are in excellent shape. THE OWNER WILL RELEASE 3 TRAILER TITLES PER YEAR AND UPON THE 60TH PAYMENT HE WILL RELEASE THE REMAING 18 TITLES. All homes are water metered and the park has all city services. Most homes are small singles or park model style. A portion of the park is master metered for electric with a sub meter system. The electrical pedestals were replaced 1995 - 1996, there are 5 sites with 200 amp and all others have 100 amp. The water lines are plastic and the sewer system was installed in 1995. All tenants upon move in are required to sign a 3 month rental agreement and begining the 4th month the rental agreement reverts to month to month.

The property is just west of dowtown Apache Junction and is a short distance from the six lane Apache Trail which is the main retail street for the east valley.