3302 E Van Buren St - Manufactured Housing/Mobile Housing FOR SALE
Phoenix, AZ 85008 |
$6,400,000 USD
602-222-5000
3302 E Van Buren St
Phoenix, AZ 85008
HIGHLIGHTS
- Rents are well-below market averaging $499/month with Phoenix market average rents of $732 which grew 9.4% from 2023 and 6.5% on average since 2017.
- The 66 unit all-tenant owned property is 100% leased with a strong on-site manager.
- No collection issues and minimal management oversight required (out of state owner).
- Excellent location just 4 miles east of downtown Phoenix and I-10, with a population of over 1.65M residents and 2 miles north of Phoenix Intl Airport
OVERVIEW
Colliers Manufactured Housing & RV Group, as exclusive agent for the Owner, is pleased to offer the opportunity to acquire the 66-unit Sands Mobile Home Park, a well-located affordable housing opportunity located 4 miles from major metro, downtown Phoenix.
The property is licensed for 72 sites with current units inclusive of a mix of 64 single and double wide units, 1 apartment and 1 multi-use commercial building.
Please reach out to MHRVGroup@Colliers.com with any questions.
FOR SALE DETAILS
PRICE
$6,400,000 USD
PRICE/SF
$6,400 USD /SF
# OF UNITS
66
PRICE/UNIT
$96,970
CAP RATE
5%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Sands Mobile Home Park
PROPERTY TYPE
Multi-Family
PROPERTY SUBTYPE
Manufactured Housing/Mobile Housing
ADD'L SUBTYPES
Apartments, Office/Residential, Dormitory
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1955
PARKING SPACES
-
LAND DETAILS
LAND ACRES
4.5 AC
LAND SF
196,020 SF
ZONING
-
APN/PARCEL ID
-
ASK ABOUT THIS PROPERTY
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602-222-5000
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602-222-5000
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