Apache Palms RV Park is located smack dab in the middle of Tempe, Arizona, a suburb of Phoenix well-known for it’s outstanding job growth, major university, and need for housing. Apache has 80 sites (permitted for 72) and is full year-around due to being in the best location of any park in Arizona. Surrounded by Class A commercial and multifamily developments, the park is within 1 mile of countless new office developments and Arizona State University which has over 80,000 students. The City of Tempe is a very attractive market for multifamily housing as well as mixed use developments due to these factors and has been described by major publications as being well short of affordable housing options. The City has developed a small tiny home project near the park which has been greatly anticipated leading broker to believe park models would be ideal in this location. Long-term due to the property being zoned for 65 units an acre this is an ideal multifamily development play. Apache Palms is also located within five miles of Sky Harbor Airport and seven major arterial freeways. Directly in front of Apache Palms is a stop for the Phoenix Metro Light Rail. Apache Palms consists of 80 sites, most of which are 50amp and billed direct by SRP which reduces owner maintenance and management and makes park ideal for park models. The streets are paved and the utilities are city water and sewer. There is a pool and spa, restrooms, and laundry room however no clubhouse. There are currently four employees (2 managers, 2 maintenance persons) which the Broker believes can be reduced to an overall expense cost of 12% of gross rents. The rents are low for the market with a blended monthly lot rent of $465 with an increase in place for May 1, 2018. Average studio apartment rents in the zip code is $910 and median home cost is $280,000.