225 Oak Creek Blvd., Sedona, AZ 86336

FOR SALE
  • $569,000
  • 82 Days on site
  • Est: $2,108/month
  • Mortgage Center
  • Beds: n/a
  • Baths: n/a
  • Multi-Family Home
  • 5,916 sq ft
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Description

The Herrick Mobile Home Park was established in 1971. It has been owned by the present owner, a licensed contractor, since 1993. It contains 7 park-owned mobile homes and a freestanding laundry building with 12 machines. The owner does his own management and pays himself a 5% management fee. Most of the units are from the 1980's, are well maintained and have a nice appearance. The occupancy rate is 99%. The current cap rate is 9. 48%. The mobile homes are taxed as personal property. Mobile homes can be depreciated over 10 years versus 27. 5 years for apartments. See the Supplement for the 2016 pro-forma. Click here to learn more about this listing.

  • MLS ID# 507587
  • Year Built: 1971
  • 82 Days on site
  • Multi-Family Home
  • Beds: n/a
  • Baths: n/a

Listing Details

Flooring
Carpeted, Vinyl
Roof
Metal Roof
Features
Deck, Metal Exterior, Patio
Tax Amount
$1,833
Tax Year
2016
Cooling
Ceiling Fan, Central Cooling, Central Heat Pump
Heating
Gas

Local Info

Population
12,844
Median Household Income
$53,900
Median Years In Residence
7
Median Homeowner Age
52
Households with Children
24.43%
Percent of Homes Rented
22.83%

Mortgage Rates

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Property Contact Info

Listing Provided By: Sound Investments
(928) 634-8800
Listing Agent: Rick Rosenzweig

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