8958 Six Shooter Canyon Rd Globe, AZ 85501
Mountain Gate Estates, a well-maintained, 110-space mobile home park, presents a compelling investment opportunity in Globe, Arizona. Situated on 19.53 acres, this all-age community offers 17 park-owned homes and 42 vacant lots, providing significant potential for revenue growth. The park boasts recently repaved roads and upgraded infrastructure, including private sewer, APS electric, and Southwest Gas service (billed directly to residents). Conveniently located near Highway 60, it offers easy access to local amenities while maintaining a peaceful, mountainside setting. The property's existing infrastructure and substantial vacant units create a solid foundation for immediate income generation and long-term appreciation. The property includes two additional parcels of land across the street, adding to its overall value and potential for expansion. Built in 1957 with renovations in 1966, the park consists of 111 buildings, all single-story structures, totaling 850,726 square feet. The permitted zoning is TR. The property's Assessed Parcel Numbers (APNs) are 102-17-002C, 102-17-002D, and 102-17-002B. The asking price for this exceptional investment opportunity is $3,800,000. The ownership structure is an LLC. This property is ideally positioned to capitalize on the growing demand for affordable housing in the expanding Globe market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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