4580 Rex St Tucson, AZ 85706-7938

This stabilized, 10-unit mobile home park in Tucson, Arizona presents a compelling investment opportunity. Boasting 100% occupancy and significant upside potential, this property features 8 park-owned homes (valued at $15,000-$20,000 each for resale), 2 tenant-owned homes, and 3 on-site paid storage units. Situated on a 1.38-acre lot, the park benefits from below-market lot rents, offering immediate cash flow and strong potential for rent increases. Two units currently receive Section 8 payments. The property's convenient location near Benson Highway adds to its appeal. Financial highlights include an asking price of $650,000, an 8.92% cap rate, and a pro-forma cap rate of 10%. A seller carry-back financing option is available. Built in 1985, this Class C property offers a strong return on investment with two fenced storage lots adding to its revenue streams. The current NOI is $58,000, with a pro-forma NOI of $65,000.