Country Home Mobile Village
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Price: $6,850,000
Property Description:
Country Home Mobile Village is brand new to the market and exclusively listed by Park Brokerage Inc after years of off-market interest. This is an attractive asset in one of the ten fastest-growing cities in the entire United States, with rents 30% under market and higher than usual vacancy at 10% which is 3x higher than the submarket. Buckeye median home price is currently $400,000 and median rent is $1540. The community has huge sites capable of fitting doublewide homes, refreshed entryway and signage, and lush vegetation. The park is serviced by a well and septic tanks and has concrete pads at each site. All electric is direct-billed to each tenant. Water is metered to each site. The roads are wide and paved and have curbs. The well was upgraded to a reverse osmosis system with new tanks in last 3 years. Total acreage for the community is approximately 11.57 acres which on a major thorughfare offers land banking potential as the path of progress from metro Phoenix continues expanding westward. The park serves working-class families and come fixed-income seniors. Seller has begun allowing RV’s over last 8 months which is responsible for revenue increase however space rents are 30% under market. There was formerly a pool, gazebo, and soccer field within the community that seller closed however laundry facility remains. Most of the home inventory is 70’s/80’s however there are plenty of vacant and month to month RV sites to modernize community. The land is zoned for manufactured housing and city water/sewer broker was told is 1/8th mile away. Sellers are motivated however understand the market and the buyer demand for such a property as countless other brokers have solicited them with off-market interest over the years. Now exclusively listed with Park Brokerage Inc. and ready to be sold.