$149,900
2367 Interstate 10 Business Loop, San Simon, AZ 85632
Current Rent **
$1,074
Projected Rent **
$4,800
16 Lot Mobile Home Park - Seller Will Finance - San Simon AZ (2 hours east of Tucson)
Seller Will Finance - 16 Lot Mobile Home Park - San Simon AZ (2 hours east of Tucson)
PROPERTY INFO:
Mobile Home Park available in San Simon, Arizona. That's 2 hours east of Tucson, right off the I-10 freeway. Seller financing available with 30K down. This is a turnaround project. The property currently has several park owned homes, and zero tenant owned homes. There appears to be a need for affordable housing there (like most places). There are pecan farms in the area, cattle ranches, and mines, which should provide a significant need for housing. Lot size almost 7 acres! Lots of potential!
Seller Financing Terms:
* Minimum Down Payment: $30,000
* Total Move-in: $35,000 (down payment plus estimated closing costs and prepaid items)
* Loan Term: 10 years (interest only payments with 10 year balloon)
* Monthly Payment: $998.17 (interest)
* Property Taxes: $28.18/month
* Interest Rate: 9.99%
* APR: 10.08%
* Purchase Price: $149,900
ADDRESS: 2367 W Business I #10 San Simon AZ 85632 (Parcels 303-05-015B and 303-05-015-D)
AREA: Right off the I-10 Freeway, 2 hours east of Tucson, Arizona
LAND: 6.621 Acres
LOTS: 16
PARK OWNED HOMES: At least 6. Consisting of 4 double-wides and 2 pull along campers.
HOMES CURRENTLY RENTED: 3.
CURRENT RENTS: Current rents are $275, $300, and $500. Definitely well below market. (One of the tenants has been there 22 years.)
VACANT HOMES IN RENTABLE CONDITION: 2
OTHER HOMES: 1 is being used for storage, 2 others are rentable but need work
TENANT OWNED HOMES: 0
UTILITIES:
* Septic Tank
* Local Electric: San Simon Electric 800-422-3275
* Local Garbage: 575-524-8482 (Garbage company is out of Wilcox and comes once a week and is 160 a month)
* Local Water: 520-845-2451
* All lots have water and power hookups. The vacant lots are currently on the same power account (?), so would need to be separated if desired.
All information should be verified by the recipient and none is guaranteed as accurate.
Nathaniel Tanner * Owner/Agent * Geneva Real Estate and Investments LLC
Location:
2367 Interstate 10 Business Loop, San Simon, AZ 85632
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** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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