3655 AZ-260, Star Valley, AZ 85541

The Wilmer Danny Group of Marcus & Millichap is pleased to present - Lazy D Ranch, composed of twenty-two (22) RV Sites, twelve (12) apartments and two (2) billboards with a total of three (3) faces for rent. Built on 1.99 acres with 380 linear feet of Hwy frontage, the irregularly shaped lot is level at street grade, zoned C-2 and has a zone-D flood rating. There are 17.1 units per acre with three common area buildings. The property was built in 1955, 1962, and 1985. There are 52 parking spaces (1.5 per unit) and the common area includes the office (660 SQ') and a laundry facility. This all-age Park is located at 3655 East Hwy 260 in Star Valley, Arizona, near Payson in Gila County.

Located next to Star Valley Town Hall, the Park has asphalt road surfaces. There is a typical amount of landscaping including trees, flowers, and shrubs composed of the surrounding natural vegetation. The Park has a perimeter wood/chain-link fence and has recently been connected to city water. The previous well is retained by the park for irrigation use; however, it must be connected to the designated system in order to be properly used. The park is septic-served and the previous ADEQ septic certification is available on the due diligence portal. Propane service is provided to tenants by the seller, and the electric system is copper wire in conduit, and sub-metered to the RV Park residents by 30-50 Amp pedestals. There are no park-owned homes/RVs. Ten (10) of the apartments are studios that rent from $600 - $1,075 and the total apartment SQ' is 3610. Unit #E and Unit #F have been combined into one apartment and rents for $1,225. All of the RV sites and apartments are sub-metered and billed back for electricity usage, with the exception of apartments A, B, & C, which are on a shared master- meter and enjoy electricity usage inclusive in their rent. All residents pay $35 per site/apartment monthly (CAM Income) for water, sewer and trash. The three (3) billboards rent for $402 - $500 for a total of $1,304. The property is well-maintained and in good condition with fantastic curbside appeal.

The septic system has been inspected and the contractor has recommended proactive upgrades to some of the system components. There are several bids acquired around $90,000. The reports are available on the portal. The seller is willing to credit the buyer $50,000 toward future improvements. The current as-is system is fully functional. All of the mentioned previous reports are available and a new inspection will be required as part of the sale.

The subject property is in Star Valley, Arizona, within Gila County and according to the 2010 census, the population was 2,310. The town is in the northern portion of the county, adjacent to Payson and approximately 95 miles northeast of Phoenix. State Route 260 intersects the town and air transportation is provided by Payson Airport, approximately six miles west of Star Valley's central business district.

The town of Star Valley is surrounded by Tonto National Forest, and most of the town's land is available for recreational activities, including the Tonto Natural Bridge, known as one of the largest natural bridges in the world. Tourism is the dominant industry in the area, and the retail presence consists of restaurants, convenience/grocery stores, lodging, and locally owned businesses.

Community services and facilities are readily available in the surrounding area. These include public services such as fire stations, hospitals, police stations, and schools (all ages). The subject property is located in the Payson Unified District. GreatSchools.org is an online tool that rates every school on a scale of one to ten based on test scores. They also track parent ratings of the school on a one to five scale.