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Browse More Listings in Multifamily For Sale, Phoenix, AZ or Arizona

Multifamily Property - Off Market

Rancho Mobile Home PArk

2600 E Fairmount, Phoenix, AZ 85016

Price:
N/A
No. Spaces:
30
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Property Use Type:
Investment
Commission Split:
2%
Cap Rate:
8%
Occupancy:
94%
Lot Size:
1.50 AC

Last Verified 8/17/2009 Listing ID 16264987

Description

Rancho moblie home park is an all family 1.5 star community. The park has maintained high historical occupancy due to the demand for affordable housing in the Phoenix area. The park contains 30 spaces with paved roads and city services. Tenants have access to a laundry room and additonal Rv storage for their convenience. The park was built in 1945 and sits on 1.5 acres. The Buyer will need to assume the current loan which has a fixed 6.38% interest rate until 2017. With this in place the new Buyer can capture a total cash on cash return of 11.63% return on their investment.

The Rancho Mobile Home PArk is located off Indian School Road and 26th street in Phoenix Arizona.

Map of 2600 E Fairmount, Phoenix, AZ 85016 (Maricopa County)

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Created 6/4/2009

Additional Information for 2600 E Fairmount Avenue, Phoenix, AZ 85016

Active For Sale - 0 Listing
Active For Lease - 0 Listing
Previously Listed - 2 Historic Listings
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.

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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 - Rancho Mobile Home PArk

2600 E Fairmount, Phoenix, AZ, 85016