53208 E Oak Ln - Manufactured Housing/Mobile Housing FOR SALE


Miami, AZ 85539
$795,000 USD
602-316-7978
53208 E Oak Ln, Miami, AZ for Sale
$795,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/19
null | 7.67% Cap Rate

53208 E Oak Ln
Miami, AZ 85539


HIGHLIGHTS

  • Highly visible on state highway 60
  • Value add opportunity with front 2 acres zoned CB-2
  • Current Mobile Home Park with 15 lots
  • Multiple wells on site
  • 1/2 Acre lot separate from RV/MHP perfect for adding more sites or build your home with the benefit of income.
  • 4 existing buildings with electric and plumbing. 1 Triplex, 1 trading post, 1 vacant former restaurant

OVERVIEW

A Top of the World opportunity to own 3.61 acres zoned CB-2 ( 2 acres fronting highway 60) which allows for retail shops, restaurants, storage garage, office, banks, church, clinic, department store, liquor / convenience store, bar, Lumber yard, storage buildings, just about anything you can think of retail or office or storage related. Invest in a prime opportunity to develop ideal business on Highway 60 road frontage zoned CB-2 Business district. continue to bring in income from the current RV/mobile home park located at The Top of the World, Miami, AZ. This property boasts a 1100 SF side x side apartment building, 1000 SF former restaurant building , 800SF retail building and 900 SF office building. 15 RV/ MH sites, and a rich history dating back to 1955, with renovations in 1996. Benefitting from a Manufactured Home zoning, the park's 95% occupancy with monthly income offer a strong foundation. Situated in the Miami area, the property holds potential for business expansion and has 4 wells, there's significant value-add potential awaiting the savvy investor. Copper mining accounts for the largest number of jobs in Miami. According to the 2002 annual report of the Arizona State Mine Inspector, Freeport-McMoRan employed nearly 600 at its Miami operations, including 330 at the smelter and 187 at the mine. The Miami smelter and rod plant continue to operate. In 2016, copper production at Miami amounted to 25 million pounds of copper. In 2017, copper production was 19 million pounds, and more than 740 people were employed there. Resolution Copper is located in Superior. The Pinto Valley mine is also located near Miami. The Pinto Valley Mine is a large copper mine located in Arizona, in the southwestern part of the United States. Pinto Valley represents one of the largest copper reserves in the United States and in the world, having estimated reserves of 446 million tons of ore grading 0.25% copper.[1] It is located in Gila County, near the town of Miami. The mine owns the San Manuel Arizona Railroad. TOURS BY APPOINTMENT ONLY DO NOT DISTURB MHP TENANTS

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$265 USD /SF

# OF UNITS

18

PRICE/UNIT

$44,167

CAP RATE

7.67%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Top of the World RV/Mobile home park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.61 AC

LAND SF

157,252 SF

ZONING

CB-2 and MH

APN/PARCEL ID

106-51-005A,106-51-005B,106-51-005C,106-51-014,106-51-015,106-51-016

ASK ABOUT THIS PROPERTY

Cathy FoxColdwell Banker CommercialMore Info
602-316-7978

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Cathy FoxColdwell Banker CommercialMore Info
602-316-7978

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