Description

Mesquite Ranch RV & MH Park, located in Apache Junction, Arizona, features a total of 17 RV sites, 2 manufactured home sites occupied by tenants-owned homes, along with a clubhouse and a single apartment. The property is offered at $60,000 per site and is underwritten with operating expenses of $3,549 per site (53.54%), resulting in a net operating income of $61,603 and an initial cap rate of 5.13% in a high-demand, supply-constrained market. Recently renovated and reconfigured, the park is positioned for continued income growth, supported by capital improvements such as new crushed asphalt roads, upgraded 50 AMP electrical service, and refreshed landscaping. Currently 64% occupied, with one RV site serving as a manager’s unit and additional infill underway, the property maintains an average site rent of $650. Utilities are largely included, with city water and sewer master-metered and incorporated into rent, while electricity is billed back at $20 per month plus usage; certain tenants pay a base utility charge. Amenities include on-site laundry facilities, a fitness center, and a dog park, enhancing tenant appeal. All due diligence materials are available upon request.