1701 W Higgins Ln - Manufactured Housing/Mobile Housing FOR SALE


Tucson, AZ 85705- Acaso
$525,000 USD
520-490-2113
1701 W Higgins Ln, Tucson, AZ for Sale
$525,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/13
null | 10.47% Cap Rate

1701 W Higgins Ln
Tucson, AZ 85705
Acaso


HIGHLIGHTS

  • Value add opportunity
  • Central Tucson location
  • Long term ownership group
  • Operational upside & below market rents
  • Historically high occupancy & long-term tenancy
  • All tenants on MTM rental agreements

OVERVIEW

Higgins Mobile Home Park is an 11-space MHP community ideally positioned in Central Tucson near I10 and Prince. The property presents investors with a compelling opportunity to acquire a well-located asset with strong historical performance and meaningful value-add potential. Long-term ownership has maintained historically high occupancy and strong historical financials, providing a solid foundation for future growth. The community features a mix of park-owned and tenant-owned homes (6 – park – owned (one vacant), 4 – lot rent, & 1 – single-family-owned), creating multiple income streams and operational flexibility. In addition, all residents are on month-to-month rental agreements, allowing new ownership the ability to strategically implement rental increases and improve overall operations. Higgins Mobile Home Park benefits from historically long-term tenancy, and an established utility billback program that recaptures tenant usage for electric, gas, water, sewer, and trash expenses. With strong historical financials, long-term tenancy, and operational upside, the property offers investors the opportunity to enhance cash flow while acquiring a centrally located manufactured housing asset in one of Tucson's most established residential corridors. The property is located just minutes from multiple retail corridors, providing residents with convenient access to everyday necessities and major shopping destinations. Additionally, Interstate 10 is approximately 1 mile away, offering seamless connectivity to Downtown Tucson and the greater metropolitan area. Combined with strong historical occupancy, and operational upside through below-market rents, Higgins Mobile Home Park represents a compelling opportunity to acquire a well-located manufactured housing community in one of Tucson's most established infill submarkets.

FOR SALE DETAILS

PRICE

$525,000 USD

PRICE/SF

$273 USD /SF

# OF UNITS

11

PRICE/UNIT

$47,727

CAP RATE

10.47%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Higgins Lane MHP

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

MH-1, Tucson

APN/PARCEL ID

106-12-1030

ASK ABOUT THIS PROPERTY

Allan MendelsbergCushman & Wakefield | PICORMore Info
520-490-2113

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

Allan MendelsbergCushman & Wakefield | PICORMore Info
520-490-2113

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