153 N Ocotillo Dr - Manufactured Housing/Mobile Housing FOR SALE


Apache Junction, AZ 85120
$999,000 USD
480-636-6386
153 N Ocotillo Dr, Apache Junction, AZ for Sale
$999,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/8
null | 10.71% Cap Rate

153 N Ocotillo Dr
Apache Junction, AZ 85120


HIGHLIGHTS

  • Mountain Ridge RV Park offers a 19-unit multifamily investment with a prime location in the Apache Junction suburb of Phoenix.
  • The community includes four vacant lots, presenting a significant value-add opportunity to fill the vacancies and capture elevated revenue.
  • Placed just off W Apache Trail, residents walking distance from Walmart, Safeway, AutoZone Auto Parts, Starbucks, McDonald’s, and much more.
  • Well-supported by a 10-mile population of more than 399,000, with more than 22% currently renting their homes.

OVERVIEW

Mountain Ridge RV Park offers the chance to acquire a performing residential income investment with a lease upside and a great location in the Apache Junction suburb of Phoenix, Arizona. The community comprises a total of 19 units, with only four lots currently empty. A new owner will enjoy the chance to employ a new leasing strategy to fill the vacancies and increase revenue. Mountain Ridge RV Park’s flexible unit mix includes 15 park-owned units, 1 tenant-owned unit, 2 duplex units, and a main house in addition to the four vacant lots. The park is gated for resident security and offers desirable community amenities, including an on-site laundry room, individually metered lots, all-new electrical equipment rerouted underground, and 100amp pedestals. The park places tenants just off the W Apache Trail commercial corridor, allowing convenient access to national retail amenities. Within walking distance of the property, residents can reach Walmart Supercenter, Safeway, AutoZone Auto Parts, Starbucks, McDonald’s, Dairy Queen, and a CubeSmart Self Storage facility. Situated 35 miles east of Downtown Phoenix, under the Superstition Mountains, the Apache Junction community boasts a small-town atmosphere with a distinctly Western feel. Neighbors enjoy its close community and local events that hearken back to the area’s rich gold-mining heritage. Locals in the area love the toasty year-round temperatures, Apache Junction’s historic charm, city attractions, and outdoor recreation. An investment in the Mountain Ridge RV Park is strongly supported by a valuable demographic profile within 10 miles of the community. The population of almost 400,000 has grown by 11% since 2020, growing the demand for accessible and affordable housing units in the area. More than 22% of these locals currently rent their homes, delivering a reliable pipeline of new potential community residents.

FOR SALE DETAILS

PRICE

$999,000 USD

PRICE/SF

$200 USD /SF

# OF UNITS

19

PRICE/UNIT

$52,579

CAP RATE

10.71%

% LEASED

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

PARKING SPACES

27

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,393 SF

ZONING

-

APN/PARCEL ID

101-03-006,101-03-103A

ASK ABOUT THIS PROPERTY

Jason MossRCP Real Estate LLCMore Info
480-636-6386

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Jason MossRCP Real Estate LLCMore Info
480-636-6386

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.