You won't find a more stable, solid park. All long term, reliable residents who pay on time. Excellent location in town: convenient and quiet, surrounded by $350k-600K homes. Possible 2 park package described below. Honestly, if you went to $800 lot rents, you wouldn't lose any tenants here. City water, sewer, gas, electric. All tenants are on Paylease/Zego/Cashpay so there is pretty much no management. No common areas. It is an excellent park. I wouldn't sell, but have unexpected liquidity needs.
Price includes $80K escrow for new asphalt on roads.
Anchorage is a beautiful and industrious city that is being discovered. With development bounded on all sides, it has a tightening housing market. It has a growing and diverse economy, with the two main economic drivers being defense and oil; two sectors that are looking very strong this next decade. As with many strong urban parks, $1000/mo lot rents are likely in the 5-10yr timeframe.
Park has a clean Phase I, and a mortgage with Northrim Bank, who would likely work with the property again as I have a perfect payment record with them.
Owning this park is a great excuse to expense travel for hiking, fishing, hunting, etc. Picture is of seller with king salmon caught 10 minutes from park.
Property is in a Qualified Opportunity Zone ( https://www.irs.gov/credits-deductions/businesses/opportunity-zones )
Bonus depreciation: everything outside of the land value in this park is bonus depreciable. Thus the purchaser can bonus depreciate over $2M of purchase price. Ask your CPA (or my CPA) about bonus depreciation.
You can text 252-375-4569 or email mcniel6@yahoo.com
I have a second park of almost exact size and numbers a mile away. Not quite as nice. Open to package deal.
Paul McNiel
Righteous Path Outfitters
