El Prado Estates MH & RV Park
El Prado Estates MH & RV Park | Yuma, AZ | 155 Total Sites | 8.82 Acres | $15k/Site
Marketing description
El Prado MH & RV Park is a potential 2-star site rent community located in Yuma, Arizona. Situated on the north side of Hwy 95, the community is conveniently located close to old town Yuma and freeway access to all the other city amenities. The park is just north of the all-age, 3-star tenant owned community of El Prado Estates Owners Association. Its access from Hwy 95 is on Avenida Del Prado which is shared with El Prado MH & RV Park.
El Prado MH & RV Park offers the opportunity to be escalated to the same quality as its neighbor, El Prado Estates Owners Association. The above-ground improvements can be enhanced with a general clean-up, debris removal, and collaboration with the residents to improve the appearance and condition of the mobile homes and yards. The RV sites can be modernized and converted to pull-through and more appealing back-in spaces. Park models could also become part of the plan. The road surface needs a slurry coat, seal, and strip, and some attention to the common area can enhance the community stabilize the occupancy and increase the demand!
The septic system and or sewer connection will need to be determined through county involvement and professionally engineered bids. The sellers are aware that these expenses will be factored into the potential offering price for the community. The Buyer will need an Alta Survey to determine if the current access and drainage easement will accommodate the sewer connection through the adjoining property to the wet tap located on US Hwy 95.
The current rents are well below market but fit with the current operation. The project is a challenge with significant upside for the experienced investor/operator.
Investment highlights
- Convenient location to Old Town, Yuma, and easy access to all city services & amenities.
- Value add asset priced opportunity for the experienced MH/RV Operator.
- Seller recognizes the need for new septic system or county sewer connection and will work with the Buyer accordingly. There is a septic contractor that can bid the septic system replacement and a local engineering company that can estimate the cost to connect to county sewer.
- Opportunity to submeter RV Site water and pass-through sewer and trash to MHP Residents
- Modern MHP section. The RV section could be Upgrade to add visual and functional appeal
- There are two (2) Park-Owned MH included in the sales price. The office/restrooms/laundry and the on-site manager home.
- Forty-three (43) Monthly RV's @ $225-$240/ Twenty (20) Seasonal RV's @ $1,450 - $1,600/ Sixty-one (74) Vacant RV Sites
- There appears to be a county sewer connection at Hwy 95 that formally serviced Sierra Pacific MHP that might facilitate a sewer connection for El Prado. The Buyer needs to investigate this possibility.
- The property is directly north of the El Prado Estates Owners Association- Owned all-age community. The quality and visual appeal of this park indicate the potential for El Prado MH & RV Park
- There are 124 RV sites with two (2) unusable sites; Sites 60 & 113. Exact number of RV sites will be determined by physical inspection (Pedestal count).
- There are 31 MH sites with three (3) unusable sites; Sites 150, 163 & 183. Exact number of MH sites will be determined by physical inspection (pedestal count).
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
