349 N Royal Palm - Manufactured Housing/Mobile Housing FOR SALE


Apache Junction, AZ 85119
$1,532,800 USD
720-774-1446
349 N Royal Palm, Apache Junction, AZ for Sale
$1,532,800 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/17
null | Request Cap Rate

349 N Royal Palm
Apache Junction, AZ 85119


HIGHLIGHTS

  • High-Performing Asset: 97% occupancy with straightforward operations and limited complexity.
  • Capital Improvements Already Completed: Recent septic and roadway upgrades reduce entry-level risk.
  • Operational & Income Upside: Owner-operator management, renovated park-owned units, and multiple storage areas create clear paths to NOI growth.
  • Resident-Friendly Amenities: Mini-golf feature creates community feel uncommon in comparable parks.

OVERVIEW

Located near State Route 88 (the Apache Trail) in Apache Junction, Arizona, Foothills Mobile Home Park offers investors a rare combination of near-stabilized occupancy and recent capital improvements in one of the East Valley’s most affordable housing markets. The property is 97% occupied and has been owner-operated, providing a solid operational foundation with identifiable upside for professional management. Recent upgrades include a 2023 on-site septic system update and newly sealed roadways, significantly reducing near-term capital expenditure risk. Additional highlights include park-owned units with remodeled bathrooms, multiple on-site storage and garage areas offering ancillary income potential, and a unique central mini-golf amenity that enhances community character and supports long-term tenant retention. Apache Junction continues to benefit from strong population and housing demand driven by affordability, regional job access, and in-migration to the Phoenix metro, while maintaining a distinctive outdoor lifestyle at the gateway to the Superstition Mountains and Lost Dutchman State Park. Foothills Mobile Home Park’s location near State Route 88 provides convenient connectivity to Mesa, Phoenix, and the broader East Valley employment base, appealing to both retirees and workforce residents. For buyers and investors, the property represents a durable, recession-resistant investment with in-place cash flow, infrastructure certainty, and clear value-add potential in a supply-constrained market where affordable housing continues to outperform broader residential alternatives.

FOR SALE DETAILS

PRICE

$1,532,800 USD

PRICE/SF

$2,380 USD /SF

# OF UNITS

16

PRICE/UNIT

$95,800

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Foothills Mobile Home Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.68 AC

LAND SF

73,181 SF

ZONING

-

APN/PARCEL ID

101-18-030

ASK ABOUT THIS PROPERTY

Delano DickersonThe Gorden GroupMore Info
720-774-1446

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Delano DickersonThe Gorden GroupMore Info
720-774-1446

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