PRICE REDUCTION FROM $400,000.00 TO $370,000.00!!! WITH A $100,000.00 DOWN THE OWNER WILL CARRY THE $270,000.00 NOTE @ 5% (FIXED) WITH A MONTHLY P & I PAYMENT OF $1,970.00. THE NOTE BECOMES DUE AND PAYABLE ON OR BEFORE 1/1/2021.

CAP RATE: 11.3 CASH RETURN ON EQUITY 18% ON REAL NUMBERS!!

This all age community was purchased in January of 2016. It was a distressed sale.
The park is comprised of a single family home, duplex, 7 rental mobiles, 4 mobiles for which a contract for sale has been created, 2 tenant owned homes and 2 vacant pads. This is a good starter property located in a solid Apache Junction area. The city sewer is new. There are 6 mobiles that are direct billed from the electric company and the balance of the property is on a master meter system with a sub meter read back. Spaces 11 & 13 (both vacant) are very small and need to be combined in order to create one space. Space 19, which is vacant, has all hook-ups but needs an electric meter installed.