Casa Dulce MHP E Lee St, Tucson, AZ Robert Grant. Pete Peterson. KW Commercial Broker (520)

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1 Casa Dulce MHP 4240 E Lee St, 43 Unit Park, Well Maintained!! 2013 NOI $102, based on Actual P&Ls. Electric, water, sewer, garbage billed back to tenants! Individually metered for all utilities 8.8% CAP Rate based on 2013 Financials!! Pete Peterson KW Commercial Broker (520) PCGKWCommercial@gmail.com Robert Grant (520) PCGKWCommercial@gmail.com 1849 North Kolb, Suite 101 Tucson, AZ (p) (f)

2 TABLE OF CONTENTS Real Estate Investment Details... 3 Property Description... 4 Property Photos... 5 Executive Summary... 6 Aerial / Map Report... 7 Profit & Loss Statement Peterson Commercial Group Bio Confidentiality and Disclaimer... 12

3 REAL ESTATE INVESTMENT ANALYSIS Analysis Date May 2014 PROPERTY Property Property Address Year Built 1956 Casa Dulce MHP 4240 E Lee St PURCHASE INFORMATION Property Type MultiFamily Purchase Price $1,150,000 Units 43 Total Rentable Sq. Ft. 0 FINANCIAL INFORMATION All Cash LOANS All Cash Debt Term Amortization Rate Payment LO Costs INCOME & EXPENSES CONTACT INFORMATION Gross Operating Income $157,560 Monthly GOI $13,130 Total Annual Expenses ($55,478) Monthly Expenses ($4,623) Pete Peterson (520) PCGKWCommercial@gmail.com Robert Grant (520) PCGKWCommercial@gmail.com p. 3

4 PROPERTY DESCRIPTION Casa Dulce Mobile Home Park Tucson, AZ 41 space mobile home park with 1 bedroom/1 bath cottage for on-site, 2 bedroom/1 bath home, & laundry. 43 rentals all individually metered for water, gas and electric. Tenants reimburse utilities monthly to Landlord. Zoned R- 2 Non-Conforming as grandfathered Mobile Home Park! Clean Park with established tenants in the Center of Tucson. Lots of Upside Potential. Great location with solid rental income. Please do not disturb tenants or on-site manager. Southwest Corner of Columbus and Lee, Central Tucson North of Speedway and South of Pima. p. 4

5 PROPERTY PHOTOS Casa Dulce Mobile Home Park Tucson, AZ p. 5

6 EXECUTIVE SUMMARY ACQUISITION COSTS Purchase Price, Points and Closing Costs $1,150,000 Investment - Cash $0 INVESTMENT INFORMATION Purchase Price $1,150,000 Price per Unit $26,744 Price per Sq. Ft. NA Income per Unit $3,664 Expenses per Unit ($1,290) INCOME, EXPENSES & CASH FLOW Gross Scheduled Income $157,560 Total Vacancy and Credits $0 Operating Expenses ($55,478) Net Operating Income $102,082 Debt Service $0 Cash Flow Before Taxes $102,082 FINANCIAL INDICATORS Debt Coverage Ratio N/A Capitalization Rate 8.88% Gross Rent Multiplier 7.30 Gross Income / Square Feet $0.00 Gross Expenses / Square Feet $0.00 Operating Expense Ratio 35.21% p. 6

7 Aerial / Map Report Casa Dulce Mobile Home Park 4240 E Lee St - This copyrighted report contains research licensed to KW Commercial the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or p. 7 2/12/2014 Page 1

8 Aerial / Map Report Casa Dulce Mobile Home Park 4240 E Lee St - This copyrighted report contains research licensed to KW Commercial the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or p. 8 2/12/2014 Page 2

9 Traffic Count Report Building Type: Building Size: # of Units: Avg Unit Size: % Bldg Vacant: Total Available: Rent/SF/Yr: Multi-Family 1,392 SF SF 0% 0 SF - Casa Dulce Mobile Home Park 4240 E Lee St, Count Avg Daily Volume Miles from Street Cross Street Cross Str Dist Year Volume Type Subject Prop 1 E Pima St N Belvedere Ave 0.03 E ,555 MPSI.27 2 E Speedway Blvd N Arlington Blvd 0.07 E ,423 MPSI.43 3 N Alvernon Way E Fairmount St 0.02 S ,541 MPSI.50 4 N Swan Rd E Fairmount St 0.01 S ,130 MPSI.52 5 N Alvernon Way E Justin Ln 0.00 S ,318 MPSI.61 6 E Pima St N Winstel Blvd 0.03 E ,181 MPSI.66 7 E Hampton St N Swan Rd 0.02 W ,156 MPSI.69 8 E Grant Rd N Sycamore Blvd ,115 MPSI.72 9 E Grant Rd N Madelyn Ave 0.04 W ,476 MPSI N Alvernon Way E 3rd St 0.03 N ,416 MPSI.81 This copyrighted report contains research licensed to KW Commercial the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or p. 9 2/12/2014 Page 3

10 Casa Dulce MHP 2013 NOI Income: Rent(incl utilities) $156, (Electric, water, sewer, garbage billed back to tenants) Laundry Total Income: $157, Expenses: Telephone $ Electric $23, * Repairs & Maint. $1, Garbage $4, * Water/Sewer $13, * Gas $1, manager bonus $ other $ Insurance $1, Property taxes $8, Total Expenses $55, NOI $102, p. 10

11 PETERSON COMMERCIAL GROUP Specializing In Commercial Properties At Peterson Commercial Group our goal is to foster long term value driven relations with our clients to meet their financial needs over their investment cycle. We bring to bear our 20 years of expertise and experience to provide high quality brokerage and marketing strategies to meet your real estate investment needs. Peterson Commercial Group has a strong database of qualified buyers and owners which allows us to facilitate the brokerage of properties to qualified parties across the country. We will use our strong relationships with lenders and financing resources to facilitate deals to our client s benefit. Our company focuses on locating, exchanging, selling, or leasing properties to meet our client s specific investment needs. Peterson Commercial Group recognizes that each client and deal is specific in nature and therefore requires independent review to achieve the best outcome for that individual client. Having a broker that understands all the facets of an industry provides a greater knowledgebase for maximizing profits and streamlining operations for acquisitions. The ability to understand the complexities of your deal and the experience of day to day operations of investment properties allows us to communicate as a consultant and not just as salesperson. At Peterson Commercial Group, we look forward to having the opportunity to use our expertise to assist you with your real estate investment, sale, purchase, and or lease needs through the acquisition of investment properties. Welcome To Peterson Commercial Group! Peterson Commercial Group Keller Williams Commercial Phone Fax pcgkwcommercial@gmail.com p. 11

12 Confidentiality and Disclaimer The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Keller Williams Southern Arizona and should not be made available to any other person or entity without the written consent of Keller Williams Southern Arizona. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Keller Williams Southern Arizona has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Keller Williams Southern Arizona has not verified, and will not verify, any of the information contained herein, nor has Keller Williams Southern Arizona conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR KELLER WILLIAMS SOUTHERN ARIZONA AGENT FOR MORE DETAILS. ROBERT GRANT (520) p. 12