Photo 1 of 3
$777,000
Sold on 3/20/07
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
0.00 |
0 |
$1,972.55 |
1958 |
|
On the market:
153 days
|
View full details, photos, school info, and price history
This mobile home park has 13 mobile homes of various ages and one block building, all rented. The units are well maintained by local owners that live in Clarkdale. There is little vacancy. Units are usually re-rented before a tenant moves out. The cap rate, excluding management, is 7.26%. Previous owners have lived in one of the units and managed the park from there. The property has nice landscaping including several tall trees. The owners are selling only because their jobs are taking them out of state. The rents are reasonable, with gradual increases when tenants move out. The owners will consider carrying with $450,000 down, with the balance over 15 years @ 8%, all due in 5 years.
