LandsofAmerica.com
#1 in Rural Real Estate Online

Similar Properties

This property is no longer available.

Search for Available Property.
Unavailable

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

Description

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).

Directions

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

Tax Data (Show Tax Data)

Other Land for Sale in Apache County

    NOTE: The information contained herein is provided as general information only and has been obtained from sources deemed reliable. It is provided without any guaranty, warranty or representation, expressed or implied, made by Lands of America, or any related entity, as to the accuracy or completeness of the information. The information is presented subject to errors, omissions, change of price or conditions, prior sale or withdrawal without notice. Prospective purchasers should make their own investigations, projections and conclusions concerning the information.