Address
200 S old highway Highway # 188, Tonto Basin, AZ
Price
$ 2,489,000
Property Attributes
- MLS#6559398
- TypeContingent
- CountyGILA
- CityTonto Basin
- Zip85553
- StyleMultiple Dwellings
- Year Built1995
- Taxes$ 172
- Price$ 2,489,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description
Thirty miles south of Payson, this park has Huge upside. Rents are 60-75% below market rents for the area. The park includes a two acre vacant lot that is fenced with electronic gate and is ready for RV/Boat storage. The going boat rental for outdoor storage in the area is $50-75 per month. This would add $39,000 of annual income. Further the park includes a vacant commercial unit (approx 1,200 sq ft) that can be rented to a retail vendor or other. Rents for the onsite restaurant are very low and could be raised. Immediate efficiencies made to the park would add immediate value.
| Price History | |
|---|---|
| 5/22/2023 | Listed $2,700,000 |
| 8/6/2023 | 8% - $2,490,000 |
| 8/30/2023 | 1% - $2,489,000 |
General Features
| Additional Parcels Y/N | Yes |
|---|---|
| Attached Garage | No |
| Cap Rate | 2.59 |
| Carport Y/N | No |
| City | Tonto Basin |
| Community Features | Barbecue, Shuffle Brd/Lawn Bwl, No Pool |
| Construction Materials | Painted, Block |
| Cooling | None |
| County | Gila |
| Days on Market | 135 |
| Directions | From Phoenix: Take Hwy 87 north towards Payson, to 188 exit. Go approximately 15 miles South to Tonto Basin follow signs |
| Disclosures | Water Well Report, Water Cap/Quality Rp, APOD/Backup Avaible |
| Electric | APS, Submetered System |
| Electric Expense | 41000.0 |
| Elementary School District | Tonto Basin Elementary District |
| Garage Y/N | No |
| Gross Income | 137000.0 |
| Heating | Electric, Natural Gas, Propane |
| High School District | Hayden-Winkelman Unified District |
| Insurance Expense | 6000.0 |
| Lease Considered Y/N | No |
| Lease Renewal Y/N | No |
| Lot Size Square Feet | 0.0 |
| Maintenanceexpense | 15000.0 |
| Mobilehomeremainsyn | No |
| Net Operating Income | 70000.0 |
| New_sp_Financing_co_Conventional5 | True |
| Open Parking Spaces | 60.0 |
| Operating Expense | 77172.0 |
| Ownerpays | Trash Collection, Water, Sewer |
| Ownership | Fee Simple |
| Property Type | Multiple Dwellings |
| Rent Control Y/N | No |
| Roof | Rolled/Hot Mop |
| Sewer | Septic Tank |
| Standard Status | Active Under Contract |
| Status | UCB (Under Contract-Backups) |
| Street Name | old highway |
| Tax Annual Amount | 172.0 |
| Tax Lot | 5 |
| Tax Year | 2021 |
| Tenant Pays | Gas, Electricity |
| Total Units | 39 |
| Township | 06N |
| Unit Number | 188 |
| View Y/N | No |
| Year Built | 1995 |
| Zoning | MHP |
Interior Features
| Air Conditioning Y/N | Yes |
|---|---|
| Electric On Property Y/N | No |
| Heating Y/N | Yes |
| Street Suffix | Highway |
Exterior Features
| Covered Spaces | 0.0 |
|---|---|
| Crops Included Y/N | No |
| Irrigation Water Rights Y/N | No |
| Lot Dimensions | 9 acres +/- |
| Lot Size Acres | 0.0 |
| Lot Size Area | 0.0 |
| Number of Buildings | 4 |
| Open Parking Y/N | No |
| Parking Features | Fee, RV/Boat Parking, Add'l Parking Avail |
| Road Surface Type | Gravel |
| Spa | No |
| Total Parking | 60.0 |
| Water Source | See Remarks, Domestic Well, Shared Well, None |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Contingent Average in 85553
Price
Taxes
Visits
Year Built
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