For Sale
$4,500,000

411 Corral RdDuncan, AZ 85534

Arizona Mobile Home & RV Park, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 155-lot mobile home and RV park in Duncan, Arizona, boasting 100% occupancy and a strong 10.14% cap rate. The park generates a substantial net operating income (NOI) of $456,497, with an asking price of $4,500,000. The property encompasses 32.52 acres and includes 150 tenant-owned homes and 5 newer park-owned park model mobile homes, providing a secure investment foundation. Infrastructure is well-maintained, featuring paved roads, a well and septic system (with four 10,000-gallon tanks and leach field), sub-metered electric service (20/30/50 amp), and direct-billed gas/propane. Resident amenities include restrooms with showers, coin-op laundry, a clubhouse with an indoor kitchen, free Wi-Fi at the recreation hall, mailboxes, and a recently refurbished in-ground pool. Additional income is generated from fully rented on-site storage units. The property also includes a trailer and vehicle storage area. Further value can be added by developing the vacant acreage to increase the number of homes. Recent improvements include a new in-ground pool and refurbished parking areas. This is a value-add opportunity with significant potential for growth and increased profitability.

Highlights

  • 155 tenant-occupied homes.
  • Well and septic system with four 10,000-gallon tanks and leach field.
  • Sub-metered electricity (20/30/50 amp service, billed to tenants).
  • Direct-billed gas/propane.
  • Paved roads.
  • Fully rented on-site storage units.

Property Details for 411 Corral Rd

Property type
Mobile home & RV parks
Lot Size (sq. ft)
1,416,571 SF
Units
155

Location Insight

City
Duncan
County
Greenlee
State
Arizona
Latitude
32.924128308945
Longitude
-109.20222012126
411 Corral Rd, Duncan, Arizona

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411 Corral Rd
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