Mountain View Mobile Village 5790 W. 8th Street

Yuma, AZ 85364-9753

James Hill Real Estate Investment Specialist 602‐748‐6706 jwhillinvestments@gmail.com

Interested parties may drive or walk the property for viewing. PLEASE DO NOT DISTURB TENANTS OR ONSITE MANAGER.

CALL AGENT FOR INFORMATION.

REDUCED PRICE $935,000

CLICK FOR NEWS: Thousands of Californians now call Arizona

home, 2017 Census shows

Mountain View Mobile Village is a family park located in Yuma, AZ; one of the faster-growing, affordable communities in Arizona.

The seasonal pilgrimage to Yuma (which normally has a population of just 125,000) provides for growth of more than double to 300,000 people during winter months. Rental growth in this under-served market is seeing epic increases. This coincides with Arizona's massive population growth of over 260,000 people in 2017 - which includes approximately 62,000 coming over from California. Yuma is located approximately 2.5 hours from San Diego.

Seller is interested in carryback option.

Property Summary

Number of Spaces 53

Land Acres 2.5 acres

Year Built 1974

Zoning Type RA‐40

# of Parking Spaces ~108

Parking Ra o ~2 per space

Investment Summary

Offering Price $935,000

Occupancy 75%

NOI (CURRENT) $94,020

CAP RATE (CURRENT)Demographics

2017 Popula on 26,706

2017 Median HH Income $41,115

CAPEX LIST

Capital improvements made by the current owner:

• Installed new roofs on clubhouse & laundry room• Renovated manager’s trailer• Painted exterior of trailers• Replaced some stoves, refrigerators, water heaters, A/C units in property-

owned trailers• Installed three 5,000-gallon food-quality water tanks• Installed two new water pumps• Replaced all electric submeters with digital ones• Changed park name to “Mountain View Mobile Village” and created new park

sign• Installed new park entrance lights• Pumped out septic systems• Installed new d-box for septic system• Installed new circuit breakers where needed• Installed solar-powered lights on trailers• Installed new lot number signs• Replaced A/C filters with reusable filters• Installed smoke alarms throughout• Added no parking and speed limit signs• Trimmed many trees. Removed problematic trees

PRO FORMA