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
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.
More Information MLS# 919494
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.
General Property Description
Aprx Acres: 3.75
Lot #: 0
Buildings: 5
Source of Measuremnt: Owner
Year Est: 196
Gross Vol/Yr $: 148708
CC & R: No
Total Liveable SqFt: 4700
Baths - 3/4: 43
Year Built: 1964
NOI $: 107301
Cap %: 8
Tax Info
Taxes: 2995
Tax Year: 2006
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.
Office/Member Info
Listing Exclusions: No
Status Change Info
Sold Price/SqFt: 255
Financing: Conventional
Under Contract Date: 2007-08-23
Sold Date: 2007-10-01
Sold Price: $1,200,000
Construction
Block: 1
Frame - Wood: 1
Stucco: 1
Cooling
Other: 1
See Remarks: 1
External Amenities
Fenced: 1
Parking: 1
Heating
Natural Gas: 1
Propane: 1
Possession
At Recordation: 1
Roof
Asphalt Shingle: 1
Bathrooms
Other - See Remarks: 1
Business Location
Inside Location: 1
Terms & Conditions
1031 Exchange: 1
Conventional: 1
Submit: 1
Utilities Installed
Cable TV: 1
Electricity: 1
Propane: 1
Telephone: 1
Water - Private Well: 1
Water Storage Tank: 1
WWT - Septic Conv: 1
Current Use
Other - See Remarks: 1
Internal Amenities
Other - See Remarks: 1
General Lease
Other - See Remarks: 1
Info on File
P & L: 1
Proforma: 1
Survey: 1
Tax Returns: 1
Sale Includes
Equipment: 1
Fixtures: 1
Inventory: 1
Non-Compete: 1
Training: 1
Tenant Pays
Utilities: 1
ContractAddressLegal
Original List Price: 1340000
Listing Date: 2007-08-14
Status: Closed
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
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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