111 S Papago St - Manufactured Housing/Mobile Housing FOR SALE


Springerville, AZ 85938
$1,450,000 USD
209-408-7788
111 S Papago St, Springerville, AZ for Sale
$1,450,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/22
null | Request Cap Rate

111 S Papago St
Springerville, AZ 85938


HIGHLIGHTS

  • Value Add Opportunity
  • Owner Financing Available
  • City Water and Sewer
  • Quite, Established Community

OVERVIEW

Seller Financing available on this beautiful, well-maintained 37-space mobile home community located in Arizona's White Mountains region. Springerville, Az serves as a hub for surrounding communities and offers year-round demand for affordable housing. Cedar Mobile Home Court is very clean, well maintained, and well run, and has a 14 machine laundromat with new washer and dryers. This property presents a straightforward value-add opportunity through lease-up of the vacant units and expansion of the park-owned rental inventory. With stable operations already in place and room for increased cash flow, Cedar Mobile Home Court is an excellent opportunity for both experienced and new mobile home park investors. Call Robert Merchant for more details 209-996-4075

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$120 USD /SF

# OF UNITS

37

PRICE/UNIT

$39,189

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cedar Mobile Home Court

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.63 AC

LAND SF

114,563 SF

ZONING

RMH-20

APN/PARCEL ID

10521054

ASK ABOUT THIS PROPERTY

Rachel MerchantCCI Investments, LLCMore Info
209-408-7788

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Rachel MerchantCCI Investments, LLCMore Info
209-408-7788

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.