Phoenix AZ Mobile Home Park For Sale 120109

MHRV Advisors		Mobile Home Parks For Sale & Financing Loans
The Leading Park Brokers		RV Parks For Sale & Financing Loans

For Sale

M a r y l a n d W e s t

M a r y l a n d

Very Nice Turnkey MHP	♦ $1,450,000 8.2% Cap
New Streets, Direct Billing	♦ Glendale, Metro Phoenix
On City Services	♦ On City Water and Sewer, Direct G&E
FOR SALE	♦ Upside in Utility Pass Throughs

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All Listings Summary

MHRV ADVISORS: Clean turnkey cash flow park with direct billed G&E with new streets consisting of 30 spaces, a large 3 bedroom house, studio apartment and laundry room with 5 washers dryers. The streets in the park were just repaved in July 2010. Rents in the park are lower end of the market at just $372 to $400. Gas and Electric is direct billed and with water, trash and sewer is included with rent. Broker believes that water, sewer and trash expense should be passed through to the residents. Several recent capital improvements included a new roof on the house, new AC unit on house, new roof on Apartment/Laundry

The strong, nearly 100% occupancy rate and long term occupancy is due to the parks strong location in the heart of Glendale, AZ just west of Grand Avenue between Bethany Home Road and Glendale Avenue. The park is kept clean and easy to operate with a hands on onsite manager and landscaping company that handles all the grass and trees in the park.

In addition, 6 mobile home notes with payments averaging $200 per month are included in the sale and not factored into the overall return for the park - this adds another +/- $1,200 to the monthly income.

Please do not contact property manager or tenants. All visits must be approved by MHRV Advisors prior to visit.

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.

Vince Reynolds

Norman Sangalang

Mobile Home Park Broker Vince Reynolds