66021 S Melody Ln - Manufactured Housing/Mobile Housing FOR SALE


Cibola, AZ 85328
$965,000 USD
858-560-0307
66021 S Melody Ln, Cibola, AZ for Sale
$965,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/18
null | 6.04% Cap Rate

NEW


66021 S Melody Ln
Cibola, AZ 85328


HIGHLIGHTS

  • Colorado River & Glamis Dunes Vacation Destination

OVERVIEW

THE OPPORTUNITY Cibola Estates is a 30-site recreation community on three acres in Cibola, Arizona — one mile from the Colorado River, adjacent to the Cibola National Wildlife Refuge, and forty minutes from the Imperial Sand Dunes at Glamis. This is not a conventional affordable-housing park and should not be underwritten as one. Most residents are here for recreation, using their site as a second home or seasonal basecamp — arriving in lifted trucks with wake boats, side-by-sides, sand rails and enclosed trailers in tow. Cibola is the most affordable place in the Southwest to keep a permanent foothold within reach of three world-class recreation assets, and almost nothing competes with it. Alongside these recreational owners, the community also includes a base of full-time, year-round tenants, adding steady, non-seasonal occupancy to the income profile. The result is a tenant base with discretionary income and low turnover, on a property that ownership manages remotely for at least 95% of the workload. Offered at $965,000 — a 6% capitalization rate on in-place net income, $32,167 per revenue site. Investment Highlights ? Destination -demand is driven by boating, hunting, off-road recreation and starry-sky tourism rather than by local employment. The 700 mile offroad Arizona Peace Trail is just a minute away. ? City water, direct-billed power, free trash — the park is on city water, not a well. Ownership pays water; electricity is billed directly to each tenant by APS; trash service is free. There is no utility infrastructure liability of the kind that discounts rural parks. ? 95% remotely managed — ownership handles at least 95% of management remotely, with a single on-site manager compensated by a rent-free lot. The asset does not require the buyer to live nearby. ? All month-to-month leases — every lease is month-to-month. Rents currently run $175 to $340 against a $350 market lot rent, and can be marked up on 30 days’ notice with no lease burn-off. ? 73% occupancy — 22 of 30 revenue sites are occupied. The open sites are turnkey opportunities: three RV sites (often used for short-term stays), three sites already have trailers in place needing only rehab to re-lease, and two vacant sites have full utility hookups ready for a trailer to be moved in. Real property included — the land, the cabin, the park-owned homes and all improvements convey. Great opportunity for remote investors, or the Owner / Operator that could generate substantial income with minimal work, while enjoying the awesome recreation in the area. The place runs itself!

FOR SALE DETAILS

PRICE

$965,000 USD

PRICE/SF

$27 USD /SF

# OF UNITS

30

PRICE/UNIT

$32,167

CAP RATE

6.04%

% LEASED

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Cibola Estates Mobile Home Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

PARKING SPACES

150

LAND DETAILS

LAND ACRES

3 AC

LAND SF

130,680 SF

ZONING

MHP

APN/PARCEL ID

301-02-001D

ASK ABOUT THIS PROPERTY

Joe GormicanCibola EstatesMore Info
858-560-0307

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Joe GormicanCibola EstatesMore Info
858-560-0307

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