2* quality Tucson mobile home park now available and exclusively listed by Park Brokerage Inc available for under
$20,000 per site! Linda Vista is now available with a motivated seller at an attractive price point. 8% cap rate on actuals
with lots of rental and utility pass through upside. Linda Vista is also located on a hard corner which offer it value as a
land bank moving forward. The park has been poorly managed by a third party management company which
specializes in single family home rentals which has created many operational issues which an experienced and hands on
buyer can easily clean up to maximize profits. The utilities are metered however the capture is very weak. The tenants
spaces are not managed well which has prevented rent increases. Broker believes rents should be minimum $300/ mo
plus utilities at each site. 22 of the sites are small by modern standards with lot sizes of 25x40. The other 7 sites are
30x50 and the large home is a three bedroom a nd two bath home where the manager currently lives for only $200 per
month. The water and sewer are provided by the city and the electric is master metered and is a mix between 30 and
50 amp sites. There is no master metered gas system, it only services the laundry area. Immediate upgrades
recommended by the broker are new gravel fill, seal coat of streets, and removal of trash from some sites. Buyer will be
required to obtain a new loan or possible assume existing $440,000 loan with a local bank.
