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Sands Mobile Home Park 3302 E Van Buren St

66 Unit Mobile Home Park £5,056,064 (£76,607/Unit) 5% Net Initial Yield Phoenix, AZ 85008

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Investment Highlights

Rents are well-below market averaging $499/month with Phoenix market average rents of $732 which grew 9.4% from 2023 and 6.5% on average since 2017.
No collection issues and minimal management oversight required (out of state owner).

The 66 unit all-tenant owned property is 100% leased with a strong on-site manager.
Excellent location just 4 miles east of downtown Phoenix and I-10, with a population of over 1.65M residents and 2 miles north of Phoenix Intl Airport

Executive Summary

Colliers Manufactured Housing & RV Group, as exclusive agent for the Owner, is pleased to offer the opportunity to acquire the 66-unit Sands Mobile Home Park, a well-located affordable housing opportunity located 4 miles from major metro, downtown Phoenix.
The property is licensed for 72 sites with current units inclusive of a mix of 64 single and double wide units, 1 apartment and 1 multi-use commercial building.
Please reach out to MHRVGroup@Colliers.com with any questions.

Sands MHP AZ Crexi Instructions

Property Facts

Price	£5,056,064	Building Class	C
Price Per Unit	£76,607	Lot Size	4.50 AC
Sale Type	Investment	Building Size	1,000 SF
Net Initial Yield	5%	Average Occupancy	100%
No. Units	66	Number of Floors	2
Property Type	Residential	Year Built	1955
Property Subtype	Manufactured Housing/Mobile Home Apartment Buildings Office Office Residential Multifamily Dormitory

Price	£5,056,064
Price Per Unit	£76,607
Sale Type	Investment
Net Initial Yield	5%
No. Units	66
Property Type	Residential
Property Subtype	Manufactured Housing/Mobile Home Apartment Buildings Office Office Residential Multifamily Dormitory
Building Class	C
Lot Size	4.50 AC
Building Size	1,000 SF
Average Occupancy	100%
Number of Floors	2
Year Built	1955

Site Amenities

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