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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. It is the Buyers responsibility to verify the information and
bear all risk of any inaccuracies. 1
OFFERING PROSPECTUS Fort Verde Mobile Park
647 S Main Street / Access @ 631 S Nichols Rd Camp Verde (Yavapai County), Arizona 86322
Opportunity Knocks!
Well-Kept Small Moneymaker in Excellent Location Cash Machine with an 12.4% Cap Rate on 2019 Trailing 12 Month Numbers!
20 spaces on 1.22 acres +- / 20 Park Owned Homes / 24 Units Total Well Located on High Traffic Main Street in Camp Verde, AZ!
Zoning: Commercial / Town of Camp Verde / Park is on City Water & Sewer! In the Beautiful Verde Valley – Just 30 minutes from Sedona!
Price: $650,000 Cash or Cash-To-New-Loan / Owner May Carry with 50% Down
Exclusively Listed By:
The Park Company
Bart Hill – Broker PO Box 20549
Sedona, Arizona 86341 Office: (928)284-0224
Email: [email protected]
DRIVE BY ONLY!!!
TENANTS ARE NOT AWARE THE PARK IS FOR SALE!
Confidential Material:
This marketing proforma is proprietary, and is not intended for general distribution.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. It is the Buyers responsibility to verify the information and
bear all risk of any inaccuracies. 2
Fort Verde Mobile Park 647 S Main Street / 631 S Nichols Rd
Camp Verde (Yavapai County), AZ 86322 Fort Verde Mobile Park is centrally located along Main Street in historic Camp Verde, Arizona. With 1.22 acres along Main Street, this property is a great play for the investor looking for cash flow, or for the retiree/owner-operator looking to make money while they living in a great location! The park has been owned for a number of years by an out-of-state businessman who’s growing online business is taking all of his time: there now is an opportunity for a savvy investor to take advantage of all the good work done by the prior owner (including significant park improvements – list on page 8) by snapping up this deal and managing it better. Deal Point: Current management has established a strong relationship with Catholic Charities – in doing so, the park has a steady stream of tenants – military veterans – whose rent is guaranteed by the charity for 5 months. These tenants have proven to reliable, long term tenants – some with a 5 year history with the park. The park is helping our military vets while keeping a strong income stream for the owner! Broker believes there is $50 upside in the rents on the park owned units, and $50 upside in the RV space rents: see enclosed rent survey on page 7. County records indicate the park was built in 1970. The property consists of 12 Singlewide MH spaces and 8 RV/Park Model spaces on approximately 1.22 acres of land with commercial frontage on Main Street. There are 12 Park Owned Mobile Homes that are affixed to the property, 4 of which have been split in half to form 2 studios per unit – making it 16 producing park-owned units, plus the 8 RV/Park Model spaces with 8 park owned units – for a total of 24 producing park-owned units on 20 spaces. Unit rent is currently $375 + E/G/W per mo. for the 8 Studios, and $475 to $575 per mo. for the other 8 park-owned mobiles (manager is in the motel office across the street); The 8 park owned RV units rent for $400 - $425 + E/G/W per mo. The park is on city water & sewer; Electric (APS) – majority 50 amp service - is dropped at each space. Gas (propane) is bottle gas paid by the tenants. Trash service is provided by Patriot Waste. The tenants pay for electric, gas & water. Park pays sewer & trash. No pets allowed. There is a slump-block building that has been converted to an onsite laundry facility for additional cash flow. Owner recently installed Wifi. Residents are typically military vets, local working people and retirees. The last Rent Raise was in September 2013 – amount was $35 – to $250 mo. - on spaces only. Park owned units haven’t had a rent raise since rates were stabilized in 2013 - 6 years ago. A rare opportunity in an excellent Central Arizona location priced at an 12.4% Cap Rate on 2019 YTD Numbers! Upside in rents! This a property worth taking a hard look at as your next acquisition! Owner is also selling Fort Verde Suites – a nearby 16 unit motel (10.2% Cap), and Verde Heights Mobile Park (9.6% Cap) – also nearby – a 17 space park on 4th Street Camp Verde. Owner will sell motel separately; prefers to sell the parks as a package. See pages 17 and 18 for information sheets! DRIVE BY ONLY - DO NOT TALK WITH ANYONE ONSITE - CALL BROKER WITH QUESTIONS.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. It is the Buyers responsibility to verify the information and
bear all risk of any inaccuracies. 3
Fort Verde Mobile Park Cont. SITE INFORMATION: County Yavapai Assessors # 404-23-045: 0.89 ac 404-23-049: 0.33 ac Spaces: 20 spaces: 12 mobile spaces & 8 RV/PM spaces Units: 12 SW Mobile Spaces w/ 12 Park Owned Mobiles (affixed) - 4 split into 2 studio units each for 16 total units; 8 RV/PM Spaces w/ 8 park owned units (affixed) Amenities: Lighting, Skirting, Awning, Laundry, Wifi Year Built: 1970 est. Lot Size: 1.22 acres +- Zoning: 404-23-045 (0.89 ac) is zoned Commercial: Town of Camp Verde 404-23-049 (0.33 ac) is zoned Residential, but is grandfathered as commercial usage Roads: Gravel Utilities: The property is on Town of Camp Verde Water & Sewer: there are 24 water meters – each unit is billed back for water. Electric (APS) is master-meter/sub-meter for the 8 RV spots- and charged back, while the MH units are billed direct. Gas (propane) is bottle gas paid by tenant. Trash is Patriot Waste. Tenants pay for electricity & water. The park pays for Sewer & Trash. Useful Websites: Town of Camp Verde: http://www.cvaz.org/ Yavapai County: http://www.yavapai.us/ Camp Verde Chamber: https://www.go-arizona.com/Camp-Verde-Chamber-Commerce/ Fort Verde Suites: https://www.fvsuites.com DISCLAIMER: The information contained herein has been secured from sources the Broker believes to be reliable, but the Broker makes no representations or warranties, expressed or implied, as to the accuracy of this information, or any other information Broker may provide. The Buyer is responsible for investigating the age, condition, square footage, acreage, lot lines or boundaries, value, rent rolls, environmental issues, utility distribution systems (including sanitation systems), roof, wood infestation (& report), property zoning, compliance with building codes or other governmental regulations, and any and all other material matters relating to the property and the decision to purchase, and Buyer will bear all risk of any inaccuracies.
Notes: - There Are No Seller Warranties: Property is being sold in “as is, where
is” condition. - Buyer must provide seller with proof of down payment along with
submitted offer.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. It is the Buyers responsibility to verify the information and
bear all risk of any inaccuracies. 4
Fort Verde Mobile Park Cont.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. It is the Buyers responsibility to verify the information and
bear all risk of any inaccuracies. 5
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. It is the Buyers responsibility to verify the information and
bear all risk of any inaccuracies. 6
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. It is the Buyers responsibility to verify the information and
bear all risk of any inaccuracies. 7
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. It is the Buyers responsibility to verify the information and
bear all risk of any inaccuracies. 8
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. It is the Buyers responsibility to verify the information and
bear all risk of any inaccuracies. 9
Fort Verde Mobile Park Cont.
Exposure on Main Street
Access road along side of park
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. It is the Buyers responsibility to verify the information and
bear all risk of any inaccuracies. 10
Fort Verde Mobile Park Cont.
Park Entrance off Nichols
Interior
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. It is the Buyers responsibility to verify the information and
bear all risk of any inaccuracies. 11
Fort Verde Mobile Park Cont.
Interior – Studio Split Units on right
Interior
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. It is the Buyers responsibility to verify the information and
bear all risk of any inaccuracies. 12
Fort Verde Mobile Park Cont.
Interior
Interior
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. It is the Buyers responsibility to verify the information and
bear all risk of any inaccuracies. 13
Fort Verde Mobile Park Cont.
FVMP Parcel Map / APN # 404-23-045 & 049 / 1.22 acres +- / Zoning: 045 - C zoned – 049 – R zoned Yavapai County: for more information visit: http://www.co.yavapai.az.us/Assessor.aspx
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. It is the Buyers responsibility to verify the information and
bear all risk of any inaccuracies. 14
Fort Verde Mobile Park Cont.
FVMP Parcel Map / APN # 404-23-045 & 049 / 1.22 acres +- / Zoning: 045 - C zoned – 049 – R zoned Yavapai County: for more information visit: http://www.co.yavapai.az.us/Assessor.aspx
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. It is the Buyers responsibility to verify the information and
bear all risk of any inaccuracies. 15
Fort Verde Mobile Park Cont.
Fort Verde Mobile Park - Map local: Park address 647 S Main/ access is 631 S Nichols Rd, Camp Verde, AZ 86322 – easiest to take Exit 287 – Hwy 260 (Finnie Flats) to Camp Verde - up to the “T”, turn left on Finnie Flats Rd (the same street name) and drive into Old Town Camp Verde – Finnie Flats bends right and merges into Main Street – look for Fort Verde Mobile Park on your left at Nichols Rd.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. It is the Buyers responsibility to verify the information and
bear all risk of any inaccuracies. 16
Take the I-17 N to Camp Verde – to Exit 287- Highway 260 E into Camp Verde – use your gps on your phone for accuracy.
The trip from Sky Harbor takes about 1 ½ hours.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. It is the Buyers responsibility to verify the information and
bear all risk of any inaccuracies. 17
Fort Verde Suites Information Sheet:
For a complete Marketing Package contact Broker: Bart Hill - Ph: 928-284-0224 or Em: [email protected]
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. It is the Buyers responsibility to verify the information and
bear all risk of any inaccuracies. 18
Verde Heights Mobile Park Information Sheet:
For a complete Marketing Package contact Broker: Bart Hill - Ph: 928-284-0224 or Em: [email protected]
