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7.19 acres in Apache County, Arizona

500 S 24th St. W, Richville , Arizona 85936 - Apache County
$250,000 7.19 Acres
Property ID 3094255


Attractively priced cash cow. Everyone needs a place to live. This mobile home park yields a monthly NOI of over $3,000 per month before management fees. Priced at capitalized value of current depressed cash flow. Property has current monthly vacancy factor of over $8,000 - there is plenty of room to grow this investment! A buyer can walk right in with positive cash flow after debt service with room to grow NOI by factor of 3X. This is a business opportunity not to be missed! There are maintenance issues that need correction. There is a partial sewer line blockage that current management has failed to correct. The laundry building has a full complement of used machines and equipment, operating condition unknown (the laundry is currently not operated).


From AZ61 in Saint Johns: West to 24th West; turn left (south) about 0.5mi to Trails End Mobile Home Park on left

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