Mobile home park in Apache Junction selling in online/live auction
APACHE JUNCTION, Ariz., Nov. 12, 2018 /PRNewswire/ -- A gated 55,000-square-foot mobile home park in Apache Junction is selling in an auction that will feature online bidding followed by a live auction on Wednesday, December 5. Cunningham Partners LLC is marketing the property, on which online bidding began November 8.
The property includes 16 rental units, 15 of which are occupied. The mobile home park is located within walking distance (one-fourth to a half mile) to Wal-Mart, Safeway, Starbucks, and several other retail/grocery establishments according to Carl Cunningham, president of the auction company.
"The mobile home park has consistently provided annual income of approximately $90,000 for the current owner. In addition to mobile home spaces, it has a main house, an office and two apartments, as well as a coin-op laundry room," said Cunningham. Bidding will begin at $325,000.
"This would make an outstanding investment with existing cash flow, or the new owner could consider moving into the house and using the office to manage the business. The rentals have not had a price increase in several years, so there may be an opportunity for the new owner to implement an increase in line with the current market. The property is eligible for a 1031 exchange," he said.
The mobile home park is located at 153 and 211 N. Ocotillo Drive, Apache Junction. The live auction will begin at noon on December 5 at Clear Title Agency, 4864 East Baseline Road #106, Mesa.
Detailed information about the property and the auction, as well as links to the online bidding platform, is available at ZinBid.com. Individuals seeking additional information may call 602-647-4900.
Cunningham Partners LLC, established in 2008 by third-generation auctioneer Carl Cunningham, is located in Mesa, Arizona. The firm specializes in estate and probate real estate auctions. Property is brokered through Carl Cunningham of My Home Group.
For more information:
Carl Carter, 205-823-3273
SOURCE Cunningham Partners LLC
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