Adobe Manor MHP

  • Price: $1,900,000

Property Description:

Located near countless commercial developments including the new Sam Fox “Yard” development on with high traffic Grant Road frontage this 2* star park in Tucson offers an investor a turnkey deal that the seller is ready to turn over to an investor ready to complete his project. Utility reimbursement has been a major focus area for seller since buying out of foreclosure in 2017. Water lines have been repaired as needed and most electric and water meters have been repaired or replaced as needed. Problem tenants have been evicted and new manager runs a tight ship. This park sold in 2008 for $1.35m so even after all the upgrades there is sizable room to grow with this park even potentially as a land play. Commercial developments within one mile include Walmart, Fry’s, Circle K, McDonald’s, and countless restaurants and shopping. Less than two miles from University of Arizona. The park will likely lose 4-8 spaces if a Grant Road widening occurs however City of Tucson informed previous seller that full market value via eminent domain will be given for that section of parcel with an additional funds for new front wall and signage replacement. Most pedestals are 50amp with a few 30amp sites on the RV sites. The three free-standing homes all have direct-billed gas and electric. Tenant demographics are mostly workers and retirees, minimal families in the park. Broker believes rents should be in the high $300’s to low $400’s so there is room for growth with many tenants. Around $12,000 annually in note payments as well included in sales price.

Inquire About This Listing

Park Address(Required)
Please select an option(Required)

Sell Your Property Now

Park Address(Required)
Please select an option(Required)