Mesquite Ranch RV Park
20 Total Sites | Recently Renovated | $60,000 Per Site in Phoenix MSA
Marketing description
Mesquite Ranch RV & MH Park consists of 17 RV Sites, 2 MH Sites (Occupied by TOH’s), 1 Apartment, and a clubhouse located in Apache Junction, AZ. The Park is being offered at $60,000 per site and is underwritten with an expense load of $3,549 per site (53.54%), generating a Net Operating Income (NOI) of $61,603, which reflects a cap rate of 5.13% day 1 in a market characterized by high demand and limited inventory. The income will continue to rise as the property was recently renovated/reconfigured. This Park has benefited from recent capital improvements including new crushed asphalt milling roads, new 50 AMP electricity, and refreshed landscaping. All Due Diligence Documents are available upon request.
Investment highlights
17 Full-Hook Up RV Sites | 2 MH Sites (Occupied by TOH’s) | 1 Clubhouse | 1 Apartment
Average Site Rent of $650
64% Occupied Post Recent Renovation | 1 RV Site is a Manager Unit | Infill in Progress
Brand New Electric, New Roads, Landscaping, & Signage
Master-Metered City Water | Included in Rent | Tenants at Sites 1505-1 & 1505-6 are charged a Base Amount
Master-Metered City Sewer | Included in Rent | 1 Parcel on Septic | Tenants at Sites 1505-1 & 1505-6 are charged a Base Amount
Electric Billed Back at $20/month + usage | Water, Sewer & Trash Included in Rent | Tenants at Sites 1505-1 & 1505-6 are charged a Base Amount
Amenities Package Includes Onsite Laundry, Fitness Center, & a Dog Park
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