225 Oak Creek Blvd, Sedona, AZ 86336

FOR SALE
  • $569,000
  • 23 Days on site
  • Beds: n/a
  • Baths: n/a
  • 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 6 washers and 6 dryers. The owner does his own management and pays himself a 5% management fee. Most of the units are from the 1980's, are maintained by the owner and have a nice appearance. The occupancy rate is 99%. Based upon the 2017 pro-forma the cap rate is 9.45%. Six of 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 2017 pro-forma. Click here to learn more about this listing.

  • MLS ID# 507587
  • Year Built: 1971
  • 23 Days on site
  • Beds: n/a
  • Baths: n/a

Listing Details

Den
No
Appliances
Garbage Disposer, Microwave, Refrigerator
Parking
Off Street
Features
Metal, Wood
Tax Amount
$1,942
Tax Year
2016
Cooling
Evaporative, Heat Pumps
Heating
Natural 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%

Property Contact Info

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

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