53390 Us HwyMiami, AZ 85539

Property Details for 53390 Us Hwy

Year built

1950

Lot size

3.61 AC

Property type

Land

Property subtype

Apartment buildings

Description

Exceptional value-add opportunity in Miami, Arizona, presents a 3.61-acre property encompassing a thriving 15-unit mobile home park and a three-unit apartment building. This established business, built in 1950 and renovated in 2000, boasts a 95% occupancy rate and generates substantial monthly income: $300 per mobile home site (plus electricity) and $1700 for the apartments (plus electricity). The property includes three buildings situated on one story, with permitted zoning for manufactured homes and a ground lease in place. Four wells are on the site, although only one is currently in use. The property's strategic location near the Oak Flats and Pinto Valley mines ensures consistent tenant demand. The existing structures, including a former restaurant and trading post, offer significant potential for expansion and diversification. This Class C property, with a 1% cap rate, presents a compelling investment opportunity for those seeking a strong return on investment in a high-demand market. The 3.08 contiguous acres offer further expansion potential, with an additional half-acre parcel on Oak Lane and a second well. This is a rare chance to acquire a well-established, income-producing property with substantial upside potential in a rapidly growing region. The asking price is $795,000. APN: 106-51-015.

Location Insight

City

Miami

County

Gila

State

Arizona

Latitude

33.3511

Longitude

-110.989

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