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111 S Papago St
Springerville, AZ 85938
Cedar Court · Multifamily Property For Sale · 12,075 SF

Property Facts

No. Units 36
Property Type Multifamily
Property Subtype Manufactured Housing/Mobile Home
Building Class C
Lot Size 2.63 AC
Building Size 12,075 SF
No. Stories 1
Year Built 1982
Zoning RMH-20

About 111 S PAPAGO ST , SPRINGERVILLE, AZ 85938

Built in 1982 and spread over 2.63 acres, Cedar Court consists of 36 sites: 18 park-owned mobile homes, 1 park-owned RV, 1 4-plex, 10 RV lots and 3 MH lots. As of August 2016, there were 9 vacancies: 4 RV lots, 1 MH lot, 3 Park-Owned Mobiles and 1 Unit from the 4-plex. All utilities are included in the monthly rent. Water and Sewer are serviced by the city while electric is private and gas is propane. Priced at $800,000 to include all Park-Owned Units at 12.18% cap rate. Seller Financing Possible! Terms to be negotiated. Cedar Court is located directly off Main Street (US-191) in Springerville, Arizona about 2 miles east of the Springerville Muni Airport-D68. The RV Park is only 1 mile north of the Round Valley Dome (est. 1991 | ~$11M Project | Seats 5,500 for Football, Basketball and Volleyball) and the Round Valley High School. Up the street, less than a half-mile, is Americas Best Value Inn (Also off US-191). Safeway is also nearby, only a half-mile in the opposite direction. The distance between central Springerville and central Eagar is 1.6 miles.

Property Taxes

Property Taxes

Parcel Number
10521054
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$12,245
  • Listing ID: 6728146

  • Date on Market: 4/11/2017

  • Last Updated:

  • Address: 111 S Papago St, Springerville, AZ 85938

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