1525 N 2nd Ave
Ajo, AZ 85321
Ajo and Sonoran Mobile Home COmmunities · Multifamily Property For Sale · 3,528 SF

- 48 MH, 2 RV, Duplex, 2 BR Home, Two 1 BR Apartments - Only $6,272 per site - Direct-billed electric and gas - Park has been mis-managed, currently under 50% occupancy down from 2013. Huge upside opportunity on filling vacancies and water billing - 26 mobile homes convey with sale, some on rentals most empty - Nearby RV parks fill up every winter with snowbirds offering revenue source for that demographic - Located halfway between Phoenix and Mexican beach resort town of Puerto Penasco - Low Rent Comps, only $200/mo - Ajo has a population of 3700 with half retirees and the rest working for Freeport McMoran mining corporation or for Border Patrol. Much-rumored mine re-opening would likely greatly increase value of park. Ajo MHP is projected to be above $55,000 in gross revenue in 2015 based on current rent toll allowing for over a 10% cap rate on that park at a standalone asking price of $250,000. The two parks and the duplex are on three separate parcels and can be sold separately or together. Duplex as a standalone is available for $45,000 and Sonoran MHP is available for $60,000 or just $2,000 per space and both must be paid in cash. Ajo MHP available for $240,000 or just $12,000 per space. Electric and gas are direct billed to each tenants and seller is currently covering all water costs so immediate upside there. There are 8 septic tanks on the properties combined and the seller will pay for the ADEQ required inspection.