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24947657
24947656

3380 Stoddard Dr, Littlefield, AZ 86432

JC
AZ SA642221000
Cooper Cardinal
Listed by Cooper Cardinal
$4,000,000
320 days on market
Updated 82 days ago

Virgin Mountain MH & RV Park

Details
APN 402-63-080, 402-63-127, 402-63-128, 402-63-243
Property Type Mobile Home Park, Multifamily
Sub Type RV Park
Units 136
Cap Rate 8.28%
NOI $331,006
Year Built 1985
Acreage 12.100
Zoning AR
Ground Lease No
Ownership Fee Simple

Arizona Mobile Home & RV Park Portfolio Opportunity

Marketing description

Virgin Mountain Estates Mobile Home & RV Park offers 103 total Units and is located in Littlefield, Arizona. The All-Age Community is comprised of (43) MH Sites (approximately 42’X 96’), (58) RV Sites (approximately 25’ X 60’ and 22’ X 32’) accommodating Monthly/Seasonal/Annual Tenants, and (2) Apartment Units. The two Apartments consist of (1) 2 Bedroom/1 Bathroom Unit (approximately 800 sq ft) and (1) 1 Bedroom/1 Bathroom Suite (approximately 200 sq ft). The Mobile Home section was originally built in1985 and the RV section was built in 2000 & 2003. The Park sits on approximately 12.1 acres.

Electric is Direct Billed to (28) tenants. Electric is sub-metered and Billed Back to the remaining tenants. Electric is included with rent for Daily/Weekly guests. The Mobile Home Sites offer 100 AMP electrical service to Pedestal Units. The RV Sites offer 30/50 AMP electrical service to Pedestal Units. Water, Sewer, and Trash are included with rent and paid by owner. The Park is on a Well Water System with a 16K gallon Holding Tank. The Mobile Home section is on a Septic System with (6) Tanks. The RV section is connected to City Sewer. Gas is Propane.

All Homes are Tenant Owned and there are currently no Homes under Contract for Sale. The most recent Rent Raise was implemented in September 2024 ($30 - $50). Recent Capital Improvements include the purchase of two new Washers and one Dryer, upgrades to the Septic System, a renovation of an Apartment Unit, a new Website and Point of Sale System, upgrades to the Security Camera System, new furnishings for the Clubhouse, and the construction of a new Dog Park (approximately $20K). The Park has Onsite Laundry with 8 Washers/8 Dryers and the equipment is owned by seller. The Community has a Manager that lives onsite at the ‘sister-park’, E-Z Living, less than two miles away. Virgin Mountain offers a Clubhouse with Billiards, a Library, a Dog Park, Community WiFi, and an Outdoor Patio with a BBQ Grill and Community Firepit.

E-Z Living Mobile Home & RV Park offers 33 total Units and is located in Littlefield, Arizona. The All-Age Community is comprised of (16) MH Sites (approximately 40’ X 100’), (16) RV Sites (approximately 35’ X 50’ and (3) 20’ X 35’) with Long-Term/Annual Tenants, and a newly constructed Apartment Unit (2 Bedroom/1 Bathroom) that is approximately 775 sq ft. The Park was originally built in 1983 and sits on approximately 4.47 acres.

Electric is Direct Billed to all Mobile Home residents, with the exception of (2), that are sub-metered and Billed Back. All RV tenants are sub-metered and Billed Back for Electric. The MH Sites offer 100 AMP electrical service to Pedestal Units. The RV Sites offer 30/50 AMP electrical service to Pedestal Units. Water, Sewer, and Trash are included with rent and paid by owner. The Community is on a Well Water System and City Sewer, with the exception of the Apartment which is on a Septic System with (1) Tank. Gas is Propane.

All Homes are Tenant Owned and there are currently no Homes under Contract for Sale. There is a Doublewide Home onsite that pays $500 per Month and operates as a Church. The most recent Rent Raise was implemented in August 2024 ($50 - $100). Recent Capital Improvements include the construction of the new Apartment (2 Bedroom/1 Bath) and upgrades to the Onsite Laundry Facility and Restroom (approximately $20K). The Park’s Onsite Laundry has 4 Washers/4 Dryers, and the equipment is owned by seller. E-Z Living has an Onsite Manager that is responsible for both assets. Manager is a W-2 employee that is paid approximately $37K per Year. Responsibilities include billing, receiving and depositing payments, tenant screening, executing leases, scheduling, and overall management of residents and employees. There is also a Handy-Man (W-2 employee) that works at both Parks that is responsible for general maintenance, small repairs, plumbing occurrences, and manages both Well Water Systems. He is paid $25 per hour and works approximately 18 hours per week.

Investment highlights

Virgin Mountain Estates Mobile Home & RV Park

  • All Age Community

  • All Tenant Owned Homes

  • Clubhouse, Onsite Laundry

  • Dog Park, Security Camera System

  • $20K In Recent Capital Improvements

E-Z Living Mobile Home & RV Park

  • All Age Community

  • All Tenant Owned Homes

  • Newly Remodeled Apartment (2B/1B)

  • Onsite Laundry, Onsite Manager

  • Approx. 10 Minutes From Mesquite, N

Listing Contacts

JC
AZ SA642221000
Cooper Cardinal
Listed by Cooper Cardinal

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$331,006.00
$27,583.83/mo

Valuation Metrics

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DSCR
8.28%
Cap Rate
8.28%
ROI

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Additional Information

Name
Jack A. Cardinal
License
SA642221000
Brokerage Address
532 East Maryland Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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