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Columbus MHP 1413 N Columbus Blvd 19 Unit Mobile Home Park $650,000 ($34,211/Unit) 10.35% Cap Rate Tucson, AZ 85712



Investment Highlights
- ATTRACTIVE SELLER FINANCING
- Strong historical financials
- Historically high occupancy & long term tenancy
- Value add opportunity
- Mix of park owned and tenant owned homes
- Operational upside & below market rents
Executive Summary
Columbus Mobile Home Park is a 19-space MHP community ideally positioned in Central Tucson near Speedway Blvd. and Alvernon Wy. Offered with ATTRACTIVE SELLER FINANCING, the property presents investors with a compelling opportunity to acquire a well-located asset with strong historical performance and meaningful value-add potential. Long-term ownership has maintained historically high occupancy and fostered a stable tenant base, providing a solid foundation for future growth.
The community features a mix of park-owned and tenant-owned homes (3 – vacant/rent ready, 5 – lot rent, 11 – park owned), creating multiple income streams and operational flexibility. Several vacant homes are currently in rent-ready condition, providing immediate upside through lease-up opportunities. In addition, all residents are on month-to-month rental agreements, allowing new ownership the ability to strategically implement rental increases and improve overall operations.
Columbus Mobile Home Park benefits from below-market rents and an established utility billback program that recaptures tenant usage for electric, gas, water, sewer, and trash expenses. With strong historical financials, long-term tenancy, and operational upside, the property offers investors the opportunity to enhance cash flow while acquiring a centrally located manufactured housing asset in one of Tucson's most established residential corridors.
The property is located just minutes from Miramonte Shopping Center and El Con Mall, providing residents with convenient access to everyday necessities and major shopping destinations. Additionally, Interstate 10 is approximately five miles away, offering seamless connectivity to Downtown Tucson and the greater metropolitan area. Combined with attractive seller financing, strong historical occupancy, and operational upside through below-market rents, Columbus Mobile Home Park represents a compelling opportunity to acquire a well-located manufactured housing community in one of Tucson's most established infill submarkets.
The community features a mix of park-owned and tenant-owned homes (3 – vacant/rent ready, 5 – lot rent, 11 – park owned), creating multiple income streams and operational flexibility. Several vacant homes are currently in rent-ready condition, providing immediate upside through lease-up opportunities. In addition, all residents are on month-to-month rental agreements, allowing new ownership the ability to strategically implement rental increases and improve overall operations.
Columbus Mobile Home Park benefits from below-market rents and an established utility billback program that recaptures tenant usage for electric, gas, water, sewer, and trash expenses. With strong historical financials, long-term tenancy, and operational upside, the property offers investors the opportunity to enhance cash flow while acquiring a centrally located manufactured housing asset in one of Tucson's most established residential corridors.
The property is located just minutes from Miramonte Shopping Center and El Con Mall, providing residents with convenient access to everyday necessities and major shopping destinations. Additionally, Interstate 10 is approximately five miles away, offering seamless connectivity to Downtown Tucson and the greater metropolitan area. Combined with attractive seller financing, strong historical occupancy, and operational upside through below-market rents, Columbus Mobile Home Park represents a compelling opportunity to acquire a well-located manufactured housing community in one of Tucson's most established infill submarkets.
Property Facts
| Price | $650,000 | Building Class | C |
| Price Per Unit | $34,211 | Lot Size | 0.79 AC |
| Sale Type | Investment | Building Size | 420 SF |
| Cap Rate | 10.35% | No. Stories | 1 |
| No. Units | 19 | Year Built | 1956 |
| Property Type | Multifamily | Parking Ratio | 45.24/1,000 SF |
| Property Subtype | Manufactured Housing/Mobile Home | ||
| Zoning | R-2, Tucson | ||
| Price | $650,000 |
| Price Per Unit | $34,211 |
| Sale Type | Investment |
| Cap Rate | 10.35% |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 0.79 AC |
| Building Size | 420 SF |
| No. Stories | 1 |
| Year Built | 1956 |
| Parking Ratio | 45.24/1,000 SF |
| Zoning | R-2, Tucson |
Amenities
Unit Amenities
- Air Conditioning
- Ceiling Fans
- Oven
- Range
- Yard
- Freezer
Site Amenities
- Public Transportation
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 122-13-1410 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $28,012 |
Property Taxes
Parcel Number
122-13-1410
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$28,012
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