$360,000
SOLD MAY 26, 2017

Yuma, AZ 85364

-- Bed
-- Bath
-- Sq Ft
1974 Built

Recently Sold

1% Below List Price

90 Days on Market

About This Home

As of February 2018

Looking for Yield!22 lot Established Mobile Home Park with a projected $55,000 in Net Operating Income. This 1.25 acre site has 22 permitted and improved lots with 17 park owned units. Potential to add three additional spaces.Currently tenants of space 4 & 14 own their own unit and lease the space for $190 per month.Ability to attract tenants with close proximity to the new Walmart Neighborhood Shopping Center, Family Dollar Store, and Ironwood Par 3 Golf Course. Potential to reduce expenses by converting park into tenant owned units.

Last Agent to Sell the Property

James Gilmore

SVN/Kaizen Commercial RE Listed on: 02/21/2017

Last Buyer's Agent

Jimmy Gilmore

Gilmore R. E. & Management License #BR644508000

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1974

Lot Details

  • Additional Parcels

Utilities

  • Cooling Available
  • Heating Available
  • Septic Tank

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for trash collection, water, sewer
  • Tax Lot R
  • Assessor Parcel Number 664-02-058

Community Details

Overview

  • 22 Buildings
  • 22 Units
  • Building Dimensions are 1.25 Acres
  • Welters Subdivision

Building Details

  • Operating Expense $16,287
  • Net Operating Income $55,349

Property Details

Home Type

Multi-Family

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Legal Info Range: 23W
  • Property Type: Multiple Dwellings
  • Zoning: R-1-8
  • Number Of Buildings: 22
  • Year Built: 1974
  • Tax Year: 2017
  • Road Surface Type: Asphalt
  • Professional Management Expense: 315.0
  • Subdivision Name: WELTERS
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:Other (See Remarks)56: Yes

Exterior Features

  • Disclosures: Other (See Remarks)
  • Construction Type: See Remarks
  • Roof: See Remarks
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Parking Features: Other (See Remarks)
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: APS
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Sewer Septic Tank: Yes
  • Heating:Other4: Yes
  • Heating:See Remarks3: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes

Fee Information

  • Annual Water Sewer Expense: 1559.0

Lot Info

  • Lot Size: 1.25 Acres
  • Additional Parcels: Yes
  • Parcel #: 664-02-058

Multi Family

  • Owner Pays: Other, See Remarks, Trash Collection, Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 22
  • Electric Expense: 13090.0
  • Maintenance Expense: 1323.0
  • Property Net Operating Income: 55349.0
  • Annual Operating Expense: 16287.0

Tax Info

  • Tax Book Number: 664.00
  • Tax Lot: R

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/05/2018 02/05/18 Sold $325,000 -11.1% --
01/18/2018 01/18/18 Pending -- -- --
11/10/2017 11/10/17 For Sale $365,500 +1.5% --
05/26/2017 05/26/17 Sold $360,000 -1.4% --
05/18/2017 05/18/17 Pending -- -- --
02/17/2017 02/17/17 For Sale $365,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Carolyn Wichmann

    Seller's Agent in 2018

    Carolyn Wichmann

    eXp Realty

    (928) 271-0436

    77 Total Sales

    Carolyn Wichmann
    Section Image

  • T

    Seller Co-Listing Agent in 2018

    Tim Wichmann

    West USA Realty

    Section Image

  • J

    Buyer's Agent in 2018

    Jimmy Gilmore

    Gilmore R. E. & Management

    (602) 882-2512

    21 Total Sales

    Jimmy Gilmore
    Section Image

  • J

    Seller's Agent in 2017

    James Gilmore

    SVN/Kaizen Commercial RE

See All Agents

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5564533

Arizona Regional Multiple Listing Service (ARMLS)

APN: R0054054

Arizona Yuma County Yuma

85364

This home and is currently priced at $360,000. This property was built in 1974. This home is a home located in Yuma County with nearby schools including Salida Del Sol Elementary School, Rancho Viejo Elementary School, and Centennial Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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