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Key Details
Sold Price $900,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,680 sqft
Price per Sqft $158
Subdivision Oc Development
MLS Listing ID 528743
Style Modular
Year Built 1973
Annual Tax Amount $1,815
Lot Size 0.490 Acres
Property Description
The park has 7 park owned mobile homes and a laundry room with 2 washers and 2 dryers. The prior owner, local contractor Gail Herrick, bought the park in 1993. In 1997 he renovated the park, replaced 5 mobile homes (1982-1991), restored the original 1973 2br, 2 ba unit and added decks, awnings, porches, sidewalks, curbing, landscaping and paved parking. He added new underground utilities including water, natural gas and electric and connected the park to city sewer. He managed the park himself. The present owner manages the park from Scottsdale. The park expects to gross $103,422 in 2022. With expected annual expenses of $31,941, the NOI is projected to be $71,481. See ''Documents''. The current cap rate is approximately 7.52%.
Location
State AZ
County Yavapai
Community Oc Development
Interior
Heating Forced Air, Electric, Forced Gas
Cooling Evaporative Cooling, Individual AC
Others
Acceptable Financing 1031 Exchange, Cash
Listing Terms 1031 Exchange, Cash
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