New to the market in an infill location freshly re-positioned 115 site mobile home park in a desirable north Phoenix neighborhood with high median 1-bedroom rents and median home costs of $270,000. Turf Mobile Home and RV Park is an all-ages community with a mostly permanent tenancy, paved roads, city services, direct-billed electric and metered utilities. The heavy lifting on this park has been completed and the seller has brought in multiple homes which are on notes which will be included in the sale however not included in NOI/cap rate. That’s an additional $45,000 a year in income!!! Additional upgrades by seller include dog run/gathering area, perimeter fencing, asphalt repairs, electric upgrades, entryway, and painting of common area buildings. Rents were $300 including all utilities at time of purchase and have been increased significantly however are still below market. Most MH spaces are approximately 30x50 which will accommodate modern mobiles and and backrow RV sites are 30x40 which accommodates park models. Back row of RV sites are also a perfect park model play in a high rent zip code. 1 bedroom/studios in the market rent for approximately $900-$1000. Eleven of the MH sites currently have permanent/extended stay RV’s as tenants so opportunity to move more homes there due to housing demand. In additional upside opportunity there is a 100+ space park just two miles north of this community scheduled to close on July 1st with all permanents including twenty percent RV’s so there is opportunity to gather more tenants there. This opportunity will not last long so please make your best offer!!!