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Description

The Lazy D Ranch, located at 3655 East Hwy 260 in Star Valley, Arizona (near Payson in Gila County), is a versatile income-generating property now available for sale. Spanning 1.99 acres with 380 feet of Highway 260 frontage, the property features 22 RV sites, 12 apartments, and two billboards with a total of three rentable faces. Zoned C-2 with a zone-D flood rating, the irregularly shaped but level lot offers a density of 17.1 units per acre and includes three common area buildings. Originally developed in phases in 1955, 1962, and 1985, the property provides 52 parking spaces (approximately 1.5 per unit) and shared amenities such as a 660 sq. ft. office and a laundry facility. This all-age park presents a strong investment opportunity with mixed-use potential in a desirable and accessible location.

Listing Details

  • Cap Rate

    6.27%

  • Tenancy

    Multi

  • Space Type

    multifamily

  • Sub Category

    rv-park

  • Date Listed

    7/14/2025

  • Ownership Info

    Fee Simple

  • Broker/Agent Co-op

    Yes

  • Investment Type

    Value Add

  • Net Operating Income

    $144,117

  • Parking Info

    52 spaces

Property Specifics

  • Property Name

    Lazy D Ranch RV Park & Apartments

  • Property Class

    C

  • No of Buildings

    3

  • No of Units

    34

  • Year Built

    1962

  • Lot Size

    1.99 AC

  • Year Renovated

    2022

  • APN

    302-55-004E

  • Zoning

    Flood D

  • Occupancy

    95%

Property Amenities

Unit Amenities

Fenced Lot
Natural Light
Onsite Parking

Location Amenities

Airport
Commuter Rail
Public Transportation

Site Amenities

Property Manager on Site
Restrooms