Tucson Palms RV Park 3445 N Romero Rd, 81-Space RV Park (2500 Sq/Ft, Owner or Manager Brick Home Included in Sale)!! High Visibility Location (Next to 1-10 Freeway) Remodeled Pool, Clubhouse, Office, New Restrooms/Showers, Laundry Facility & More City Services (Water & Sewer) Tremendous Upside for Income (in filling Vacancies)!! Pete Peterson KW Commercial Broker (520) 477-7350 PCGKWCommercial@gmail.com Tiffany Johnston Associate (520) 477-7350 Tucsoncommercialre@gmail.com 1849 North Kolb, Suite 101 Tucson, AZ 85715 520-886-8282 (p) 520-721-5240 (f) www.petersoncommercialgroup.com
TABLE OF CONTENTS Property Description... 3 Property Photos... 4 Executive Summary... 5 Attachment 1... Attachment Attachment 2... Attachment Attachment 3... Attachment
PROPERTY DESCRIPTION Tucson Palms RV Park Tucson, AZ Tucson Palms is a Nice and Well Maintained RV Park! GREAT LOCATION in Tucson (right off 10 fwy, Prince exit). SELLER FINANCING (with $270K Down)!! Motivated Seller, would offer better terms with All Cash Sale. Tucson Palms RV Park is an 81-Space all-age RV Park, consisting of RV s and park models. Amenities include: remodeled swimming pool, clubhouse, park office, full laundry room, new restrooms/showers, an attractive common area, Desert Landscaping and high-speed WIFI Internet. Brick Clubhouse with attached 2500 sq ft, 3BR/2BA Home for Owner or Manager. Park upgrades include paved roads, desert landscaping, wrought-iron fencing, newer irrigation system t/o park, remodeled pool area. Upgraded electrical system installed with 50-30-20 amp service provided, upgraded copper underground wire, newer 50-Amp pedestals and meters. Park is turn-key and ready for new owner. All spaces are sub-metered. Electric is billed back to residents (except daily/weekly RV Guests). City Utilities; Water, Sewer & Trash are included in base rent. Park has spacious RV lots to accommodate "Pull Throughs" & Park Models. The park attracts many RV'ers due to its convenient location and serene environment. This park consists of a mixture of long-term residents & short-term RV travelers. Tucson Palms is virtually FULL during the winter months & has approx. 50% occupancy during the summer months, due to its climate. Due to strong Tucson rental market, Owner can bring in Park- Models for Rent and/or Sale to local residents or Snowbirds. Tucson Palms can achieve 90%+ Occupancy Year Round. This would increase the net income greatly and offer the new buyer tremendous upside income potential!! p. 3
PROPERTY PHOTOS Tucson Palms RV Park Tucson, AZ Tucson Palms RV Park Residents BBQ & Picnic Area Paved Road Picnic Area Park View from Pool Area Remodeled Pool p. 4
EXECUTIVE SUMMARY ACQUISITION COSTS Purchase Price, Points and Closing Costs $895,000 Investment - Cash $895,000 INVESTMENT INFORMATION Purchase Price $895,000 Price per Unit $11,049 Price per Sq. Ft. NA Income per Unit $3,632 Expenses per Unit ($1,266) INCOME, EXPENSES & CASH FLOW Gross Scheduled Income $294,156 Total Vacancy and Credits ($86,022) Operating Expenses ($102,522) Net Operating Income $105,612 Debt Service $0 Cash Flow Before Taxes $105,612 FINANCIAL INDICATORS Cash on Cash Return Before Taxes 11.80% Debt Coverage Ratio N/A Capitalization Rate 11.80% Gross Rent Multiplier 3.12 Gross Income / Square Feet $0.00 Gross Expenses / Square Feet $0.00 Operating Expense Ratio 49.26% p. 5
Property Report Wednesday, October 30, 2013 3445 N Romero Rd, -2973 Pima County, AZ parcel# 106-11-008E Property Report Location Property Address Subdivision Carrier Route County Current Owner Name Mailing Address Property Summary Property Type Land Use Improvement Type Square Feet 3445 N Romero Rd -2973 C035 Pima County, AZ Erp Investments Inc Attn: Mark W Perry 3445 N Romero Rd -2973 Residential 0851: Travel Trailer Or Rv Park Primary Use Single Family Home 3001 sf General Parcel Information Parcel/Tax ID 106-11-008E Township 13S Range 13E Section 27 Census Tract/Block 45.04/3 Sales History through 10/10/2013 Date Amount Buyer/Owners Buyer/Owners 2 Instrument No. Parcels Book/Page or Document# 12/07/2005 Owner Record Warranty 0002361858 Deed 09/30/2005 $792,000 Erp Investments Inc 12650/4016 20051910844 07/22/2004 Owner Record Warranty 0001411483 Deed 07/22/2004 Bratton Ray & Judy Quit Claim Deed 12349/6259 0123496259 09/23/2002 Harshman Paul & Dorothy F Warranty Deed 11890/2111 0118902111 Tax Assessment Assessment Year 2013 Tax Area 0851 Appraised Land $615,000 Tax Year 2012 Appraised Improvements $500 Total Taxes $10,760.15 Total Tax Appraisal $615,500 %Improvement 0% Total Assessment $73,860 Exempt Amount Mortgage History Date Loan Amount Borrower Lender Book/Page or Document# 9/30/2005 $442,000 Erp Investments Inc Ray & Judy Bratton 12650/4020 COPYRIGHT 2013 COURTHOUSE RETRIEVAL SYSTEM. ALL RIGHTS RESERVED. Call (865) 584-8017. Information Deemed Reliable But Not Guaranteed.
3445 N Romero Rd, -2973 - Pima County, AZ parcel# 106-11-008E, cont. 7/22/2004 $315,000 Bratton Ray & Judy Temecula Valley Bank 12349/6263 Property Characteristics: Building Building # Type Condition Sq Feet Year Built Effective Year BRs Baths Rooms Stories Units 1 Single Family Home 1904 1958 1 Building Square Feet (Living Space) First Story (Base) 1904 Building Square Feet (Other) Construction Quality Roof Framing Wood Joists Shape Roof Cover Deck Rolled Roofing Partitions Cabinet Millwork Construction Floor Finish Hardwood/Parque Foundation Concrete Interior Finish Floor System Structural Slab Air Conditioning Central Exterior Wall Adobe Heat Type Heat & Cooling Pkg. Structural Framing Bathroom Tile Fireplace Plumbing Fixtures Other Occupancy Building Data Source Property Characteristics: Building Building # Type Condition Sq Feet Year Built Effective Year BRs Baths Rooms Stories Units 2 Clubhouse 480 1972 1 Building Square Feet (Living Space) First Story (Base) 480 Building Square Feet (Other) Construction Quality Roof Framing Wood Joists Shape Roof Cover Deck Rolled Roofing Partitions Cabinet Millwork Construction Floor Finish Vinyl Or Cook Tile Foundation Concrete Interior Finish Floor System Structural Slab Air Conditioning Central Exterior Wall Concrete Block Heat Type Heat & Cooling Pkg. Structural Framing Bathroom Tile Fireplace Plumbing Fixtures Other Occupancy Building Data Source Property Characteristics: Building Building # Type Condition Sq Feet Year Built Effective Year BRs Baths Rooms Stories Units 3 Rest Room Building 417 1972 1 Building Square Feet (Living Space) First Story (Base) 417 Building Square Feet (Other) Construction Quality Roof Framing Wood Joists Shape Roof Cover Deck Rolled Roofing Partitions Cabinet Millwork Construction Floor Finish Vinyl Or Cook Tile Foundation Concrete Interior Finish Floor System Structural Slab Air Conditioning Exterior Wall Stucco Heat Type COPYRIGHT 2013 COURTHOUSE RETRIEVAL SYSTEM. ALL RIGHTS RESERVED. Call (865) 584-8017. Information Deemed Reliable But Not Guaranteed.
Structural Framing Bathroom Tile Fireplace Plumbing Fixtures Other Occupancy Building Data Source Property Characteristics: Building Building # Type Condition Sq Feet Year Built Effective Year BRs Baths Rooms Stories Units 4 Business Office 200 1972 1 Building Square Feet (Living Space) First Story (Base) 200 3445 N Romero Rd, -2973 - Pima County, AZ parcel# 106-11-008E, cont. Building Square Feet (Other) Construction Quality Roof Framing Wood Joists Shape Roof Cover Deck Rolled Roofing Partitions Cabinet Millwork Construction Floor Finish Vinyl Or Cook Tile Foundation Concrete Interior Finish Floor System Structural Slab Air Conditioning Central Exterior Wall Concrete Block Heat Type Heat & Cooling Pkg. Structural Framing Bathroom Tile Fireplace Plumbing Fixtures Other Occupancy Building Data Source Property Characteristics: Extra Features Feature Size or Description Year Built Condition Building # Basement, Unfinished 984 2 Interior Constructio 984 2 Chip & Seal Paving 80 1 Landscaping & Signs 80 1 Chain Link Fence 314 6 Grading & Leveling 80 1 Electrical 984 2 Electrical 80 1 Mobile Home Park Eng 80 1 Swim Pool 94 3 Storage/Utility Buil 708 6 Water 80 1 Concrete Paving, Unr 336 2 Open Porch/Patio 160 4 Sewer 80 1 Property Characteristics: Lot Land Use 0851: Travel Trailer Or Rv Park Primary Lot Dimensions Use Block/Lot Lot Square Feet 157,251 Latitude/Longitude 32.270417 /-111.004361 Acreage 3.61 Property Characteristics: Utilities/Area Gas Source Road Type Electric Source Topography Water Source District Trend Sewer Source School District Flowing Wells Unified School District Zoning Code TUC - Zoning Set By City Of COPYRIGHT 2013 COURTHOUSE RETRIEVAL SYSTEM. ALL RIGHTS RESERVED. Call (865) 584-8017. Information Deemed Reliable But Not Guaranteed.
3445 N Romero Rd, -2973 - Pima County, AZ parcel# 106-11-008E, cont. Owner Type Tucson Legal Description Subdivision Plat Book/Page Block/Lot Description Pt N309.10' S777' E568.4' Ne4 Sw4 Tax Area 0851 Exc Rd R 3.63 Ac Fw 4.70 Ac Sec 27-13-13 COPYRIGHT 2013 COURTHOUSE RETRIEVAL SYSTEM. ALL RIGHTS RESERVED. Call (865) 584-8017. Information Deemed Reliable But Not Guaranteed.
Traffic Count Report Building Type: Class: RBA: Typical Floor: Total Available: % Leased: Rent/SF/Yr: Specialty - 828 SF 828 SF 0 SF 0% - 3445 N Romero Rd, Count Avg Daily Volume Miles from Street Cross Street Cross Str Dist Year Volume Type Subject Prop 1 W Prince Rd N Romero Rd 0.18 E 2011 25,007 MPSI.17 2 W Prince Rd Pomona Rd 0.01 W 2011 29,662 MPSI.32 3 N Casa Grande Hwy N Freeway Industrial Loop 0.09 N 2011 124,701 MPSI.43 4 N Romero Rd Main St 0.15 S 2011 14,569 MPSI.47 5 N Flowing Wells Rd W Mohave Rd 0.05 N 2011 20,599 MPSI.60 6 N Romero Rd W Price St 0.02 N 2011 14,998 MPSI.64 7 W Roger Rd N Pomona Rd 0.07 W 2011 8,558 MPSI.72 8 N Romero Rd Canyon 0.04 S 2011 11,402 MPSI.85 This copyrighted report contains research licensed to KW Commercial - 442007. 10/30/2013 Page 1 warranty or representation is made to the accuracy thereof and same is submitted subject to errors, omissions, of any kind is to be imposed on the broker herein.
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. PETE B. PETERSON (520) 477-7350