Description

Good quality, 290 mh and 19 RV sites, all ages community located in Tucson. 32% doublewides and 68% 16' singlewides; on a majority of doublewide sites. Amenities include two ancillary buildings of 10,678 square feet with a clubhouse with rec room, full kitchen, billiards room, library, card room, and laundry, swimming pool, playground, and bbq and picnic area. Site rents are $329-$353 plus submetered for gas, electric, city water, and city sewer. Flat rate charge for trash and direct bill cable tv. No rent control affects the State of Arizona. The community currently has 52 vacant sites out of the total 290 mh sites (82% occupancy) offering strong upside to a buyer. Buyer must also purchase the inventory of 15 for sale manufactured homes with a total value of $607,515 and home notes of $3,289,178. Seller will discount homes and home notes 10% to $3,507,024 for a total price of $13,207,000. Home notes carry 8%-12% interest rates with monthly principal and interest payments of $34,355. Seller will continue to service the home loans after the close of escrow and is willing to finance the home and home loan inventory secured by the homes at an 8% interest rate.

City of Tucson in Pima County