225 N 10th St., Cottonwood, AZ 86326

This 8 Unit Mobile Home Park is long established and is a rare investment opportunity offering great current cash flow plus excellent upside potential that requires minimum additional investment capital. Two of the 8 units require renovation and/or replacement. Fully assumable in place financing ($230,000 at 5% P&I with 17 year amortization) is available to qualified buyers. Offered at $299,900 and with a $69,900 down payment this property is estimated to produced up to approx. 12.8% cash on cash return on existing income with a going in CAP rate of approx. 9.7% with only 6 units in operations. With an additional capital investment estimated at $40,000 for 2 additional used units, the cash on cash increases to approx. 18.0% with a projected CAP rate of approx. 13.3%. Many improvemen ongoing preventative maintenance has been made to these units making this park easier to maintain and lowing operating cost. All units are individually metered with each tenant paying for their own utilities except for sewer and trash. Please call listing agent for more details and a NDA. Submit all Offers!