For Sale
$650,000

4580 Rex St Tucson, AZ 85706

High-Yield Mobile Home Park, 10 Units

Overview

Added:
Dec 11, 2024
Days on market:
137
This stabilized, 10-unit mobile home park in Tucson, Arizona presents a compelling investment opportunity. Boasting 100% occupancy and significant upside potential, this property features 8 park-owned homes (valued at $15,000-$20,000 each for resale), 2 tenant-owned homes, and 3 on-site paid storage units. Situated on a 1.38-acre lot, the park benefits from below-market lot rents, offering immediate cash flow and strong potential for rent increases. Two units currently receive Section 8 payments. The property's convenient location near Benson Highway adds to its appeal. Financial highlights include an asking price of $650,000, an 8.92% cap rate, and a pro-forma cap rate of 10%. A seller carry-back financing option is available. Built in 1985, this Class C property offers a strong return on investment with two fenced storage lots adding to its revenue streams. The current NOI is $58,000, with a pro-forma NOI of $65,000.

Highlights

  • $650,000 asking price for a stabilized, Class C mobile home park in Tucson, Arizona.
  • 10-space mobile home park with 10 pads, currently 100% occupied.
  • 8 park-owned homes, 2 tenant-owned homes, and 3 storage units.
  • $58,000 current NOI, $65,000 pro-forma NOI; 8.92% current cap rate, 10% pro-forma cap rate.
  • 1.38-acre lot, built in 1985, located at 4580 E Rex St, Tucson, AZ 85706.
  • Seller financing options available.

Property Details for 4580 Rex St

Property type
Mobile home & RV parks
Class
C
Year Built
1985
Lot Size (sq. ft)
60,113 SF
Units
10

Location Insight

City
Tucson
County
Pima
State
Arizona
Latitude
32.1395689
Longitude
-110.8940817

FAQs

What type of property is this?
Mobile home & RV park - High-Yield Mobile Home Park, 10 Units
Where is the mobile home & rv park located?
The property is located at 4580 Rex St Tucson, AZ.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: $650,000 asking price for a stabilized, Class C mobile home park in Tucson, Arizona.; 10-space mobile home park with 10 pads, currently 100% occupied.; 8 park-owned homes, 2 tenant-owned homes, and 3 storage units.
How can I contact the broker?
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4580 Rex St
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