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!