Rancho Del Sol MHP

  • Price: $3,450,000

Property Description:

Very clean 3-star family park located seconds from countless commercial developments and freeway access in Tucson, Arizona. Rancho Del Sol has 58 total units on a large parcel with paved roads, lush landscaping, city water/sewer, metered utilities, and near 100% occupancy. All sites have dedicated parking spaces, 50amp service, and the park as a whole is maintained impeccably. The park consists of all tenant-owned units except only four park-owned rentals and an apartment. The 5.25 acre parcel makes the density an attractive 11 sites per acre. Broker believes there is rental upside to around $400 per month in space rent as well as trash reimbursement. The park-owned rentals also are low for the market which broker believes should be minimum $550 per month. There are also several notes that convey with sale which should increase your income and cash on cash returns. The manager has a home in the park and would likely stay on with new owner. The park’s infrastructure has been improved over time and the plumbing has been modernized to current buyer expectations. Clean parks like this do not come along very often, make an offer fast!!!

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