Prickly Pear RV Park

Property Description:

Prickly Pear RV Resort is a 42 site all-ages RV community of 2-star quality located in metro Phoenix directly on Apache Trail on an approximately 1.83 acre parcel. The park is mostly extended stay tenants and has four park models leading to year-around revenue. The property is serviced by city water and septic (will be certified by ADEQ prior to close of escrow) and has seen many improvements since change in ownership included street overlay, new gravel, and removal of problem tenants. Property was also recently re-zoned to commercial to allow for better use if the land is to be sold to a developer. The roads are paved and the electric is mostly 50 amp. Space sizes are approximately 30x45which can accommodate park models. The park tenancy mostly consists of workers and fixed-income retirees. Management is in place as well leading to a turnkey transition. Comparable parks such as Arizona Maverik are getting a blended $475 per month rent just a couple miles away so with a couple minor tweaks and some landscaping improvements broker believes rents can be increased.