4580 Rex St Tucson, AZ 85706-7938
- Mobile home & RV parks
- 1.28 lot acres
Current Use by Public Records
- Mobile home & RV parks
Property Details for 4580 Rex St
- Year built
- 1972
- Construction
- STEEL FRAME
- Lot size
- 1.28 lot acres
- Property type
- Mobile home & RV parks
- APN
- 140-33-015B
- APU
- 14033015B
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $425,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $355,000
- 6.5%
- $335,000
- 7%
- $400,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $390,000
- Geo Method
- $400,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $360,000
- Retail
- $425,000
- Mixed-Use
- $340,000
- Hospitality
- $400,000
- Educational
- $460,000
- Residential Income
- $450,000
- Energy
- $395,000
- Income-Based Land
- $450,000
- Food Service
- $385,000
Location Insight
- Map
- Local Demand
- City
- Tucson
- County
- Pima
- State
- Arizona
- Longitude
- -110.894
- Latitude
- 32.1392
- CBSA code
- 46060
- CBSA name
- TUCSON, AZ METROPOLITAN STATISTICAL AREA
