1218 N Us Hwy 89, Chino Valley, AZ 86323

$1,200,000
Property Type: Business Opportunity Square Footage: 4,700 Lot Size (sq. ft.): 163,350 Status: Closed
Current Price: $1,200,000 List Date: 8/14/2007 Last Modified: 6/20/2023

Overview

Description

Mobile Home Park. 100% Occupancy. Mostly long term tenants. 34 spaces, one Park owned unit, 2 casitas, and 5 apartments. Centrally located near shopping and services. The property is 3.75 acres, w/additional .50 acre Hwy frontage available. Rent increases in November brings cap rate up to 8.25%. Owner will carry, 8%, 20 Years, 30% Down. Cable, water, trash & sewer paid by Owner. Includes Owners home, or could be rented additional, or manager's home.

Listing Details MLS# 919494

ContractAddressLegal

Original List Price
1340000
Listing Price
1340000
Street #
1218
Direction
N
Street Name
Us Hwy 89
City/Township
Chino Valley
State
AZ
Zip Code
86323
County
Yavapai
Tax Parcel
306-20-024C

General Property Description

Aprx Acres
3.75
Buildings
5
Total Liveable SqFt
4700
Source of Measuremnt
Owner
Baths - 3/4
43
Year Built
1964
Year Est
196
Gross Vol/Yr $
148708
NOI $
107301
Cap %
8
CC & R
No
Lot #
No

Tax Info

Taxes
2995
Tax Year
2006

Status Change Info

Under Contract Date
2007-08-23
Sold Date
2007-10-01
Sold Price/SqFt
255
Financing
Conventional

Contract/Address/Legal

List Price/SqFt
285
Business Op Type
Bus Op w/Real Estate
REO/Short Sale
Not Applicable
Business Type
Other
Zoning
CL
Business Name
Double G Mobile Home Park
Assessor's Book #
306
Assessor's Map #
20
Assessor's Parcel #
24
Assessor Parcel Ltr
C
Legal
Metes & Bounds. approx. 3.75 acre portion of parcel, to be split in escrow.

Remarks & Misc

Directions
US Hwy 89 to Chino Valley, just past Road 2 North/Safeway, shares a driveway with Do It Best Hardware Store. (No Sign)
Remarks
Mobile Home Park. 100% Occupancy. Mostly long term tenants. 34 spaces, one Park owned unit, 2 casitas, and 5 apartments. Centrally located near shopping and services. The property is 3.75 acres, w/additional .50 acre Hwy frontage available. Rent increases in November brings cap rate up to 8.25%. Owner will carry, 8%, 20 Years, 30% Down. Cable, water, trash & sewer paid by Owner. Includes Owners home, or could be rented additional, or manager's home.

More Information

Office/Member Info

Listing Exclusions
No

Construction

Block
Yes
Frame - Wood
Yes
Stucco
Yes

Cooling

Other
Yes
See Remarks
Yes

External Amenities

Fenced
Yes
Parking
Yes

Heating

Natural Gas
Yes
Propane
Yes

Possession

At Recordation
Yes

Roof

Asphalt Shingle
Yes

Bathrooms

Other - See Remarks
Yes

Business Location

Inside Location
Yes

Terms & Conditions

1031 Exchange
Yes
Conventional
Yes
Submit
Yes

Utilities Installed

Cable TV
Yes
Electricity
Yes
Propane
Yes
Telephone
Yes
Water - Private Well
Yes
Water Storage Tank
Yes
WWT - Septic Conv
Yes

Current Use

Other - See Remarks
Yes

Internal Amenities

Other - See Remarks
Yes

General Lease

Other - See Remarks
Yes

Info on File

P & L
Yes
Proforma
Yes
Survey
Yes
Tax Returns
Yes

Sale Includes

Equipment
Yes
Fixtures
Yes
Inventory
Yes
Non-Compete
Yes
Training
Yes

Tenant Pays

Utilities
Yes

Property Features

Bathrooms: Other - See Remarks Construction: Block; Frame - Wood; Stucco Current Use: Other - See Remarks External Amenities: Fenced; Parking Internal Amenities: Other - See Remarks Heating: Natural Gas; Propane Cooling: Other; See Remarks General Lease: Other - See Remarks Roof: Asphalt Shingle Info on File: P & L; Proforma; Survey; Tax Returns Utilities Installed: Cable TV; Electricity; Propane; Telephone; Water - Private Well; Water Storage Tank; WWT - Septic Conv Sale Includes: Equipment; Fixtures; Inventory; Non-Compete; Training Tenant Pays: Utilities Business Location: Inside Location Possession: At Recordation
Listing Office: Arizona Commercial
Last Updated: June - 20 - 2023
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