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For Sale
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B u f f a l o R i d g e E s t a t e
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4 Star, Great Location &
Condition
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♦ $7,950,000 - Well Maintained
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City Water & Sewer
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♦ No Rent Control
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Direct Bill Gas &
Electric
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♦ No Deferred Maintenance
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FOR SALE
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♦ 4 Star Full Amenities
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MHRV ADVISORS: Very clean 4 star park, absolutely no deferred maintenance. Seller just repaved & crack sealed
the entire park. Amenities in this All-Ages park include a Pool, Clubhouse, Playground, RV Storage & Plenty of
Off-Street park. Well located in the desirable Paradise Valley School District, this the park is close is close to
Loop 101, between Interstate 17 and the 51. This prime location and the appealing esthetics of the community has
created unique rental market where are homes are being filled with great quality tenants. The park currently has 24
late model park owned homes that are all included in the sale (plus managers unit) totaling $560,762 of the sales
price The list prices for these homes range from $12,500 for an older home up to $69,000 for a brand new 3bd/2ba
model. All of these homes are ready to rent and are being marketed at $900 up to $1,100 per month. Space rents in
the park range from $350 to $445 with water, sewer and trash billed to the residents. Gas and Electric are directly
billed to the tenant by the provider. A new owner can take advantage of the new rental market and increase their
cash on cash return substantially by offering rentals, rent to owns or lease-options. The rental market is very
active right now as tight lending requirements make purchasing a stick built home very difficult thereby creating a
much larger and more qualified rental pool.
The existing assumable financing is a Fannie Mae loan at 7.18% fixed until 2038. Fannie Mae will allow additional
financing to well qualified borrowers. Please contact broker for additional loan information.
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Please do not contact property
manager or tenants. All visits must be approved by MHRV
Advisors prior to
visit.
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MHRV Advisors fully
cooperates and openly encourages broker and agent participation on all of our
listings.
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| Please do not contact
property manager or tenants, contact MHRV Advisors before any visit. |
THE
PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, EXPENSE, AND ALL OTHER INFORMATION CONTAINED
HEREIN.
The
information contained herein has either been given to us by the owner or the property or obtained from
sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. Vacancy
factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to
actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made
above, as well as the investment income, the tax bracket and other factors which your tax advisor and/or
legal counsel should evaluate.
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MHRV For Sale
Summary
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Mobile Home Parks
For Sale & RV Parks For
Sale
"MHRV For Sale
Summary"
click
here for our listings summary
flyer
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Vince Reynolds
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Norman Sangalang
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Vince Reynolds
858.456.5111
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Norman Sangalang
858.456.5110
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