Sunset Mobile Home Park

Sunset Mobile Home Park is a clean and well-maintained community located in Yuma, Arizona. This 52 space park has been owned by the same family since 1900! The seller used their engineering background to maintain the property with a high level of sophistication and ran the park with a strategy to minimize operating expenses by investing in high-quality infrastructure.

The park has a history of very little turnover and the city of Yuma has experienced a tight housing market, with apartment rents increasing 37% over the past year. The current space rent in the park is $330 which is at least $75 below current market levels. Our business plan is to increase the space rent to market throughout the first few years of ownership while continuing to keep the community clean and well maintained. We are projecting to increase the current space rent to $485 per month during the first five years of ownership which results in a projected increase to net operating income of 71%.

  • Date Acquired: 25 Aug, 2022

  • Acquisition Price: $2,300,000

  • Spaces: 52

  • City/State: Yuma, AZ