$1,850,000
455 E MAIN Street
Quartzsite, AZ 85346
MLS# 6600400
Status: Closed



455 E MAIN Street, Quartzsite, AZ 85346
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455 E MAIN Street, Quartzsite, AZ 85346

Property Description
RV/Mobil Home Park The National Companies are in the process of building-Starbucks, Black Bear Diner and Flag Motel. The park sits directly across from Dollar Store. Lovely community park. Pattie's RV and Propane is a multifaceted business and 2.05 acre property right on the main street of quirky Quartzsite Arizona: RV and ATV capitol, home to the Soronah desert and Arizona Peace trails. Over 1 million tourists visit every year, including a large population of snow birds coming from northern America. YES THE CAP RATE IS REAL

Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,850,000
Sold Price: $1,850,000
Status: Closed
List Date: 2023-09-02
Location, Tax & Legal
Assessor's Map #: 24
Assessor's Parcel #: 11
Assessor Parcel Ltr: G
Add'l Parcels: No
Tax Municipality: Quartzsite
Census Tract: 20502
Taxes: 3589
Legal: Legal Description suplied by Title to govern
Marketing Name: RV Mobile Home Park
House Number: 455
Compass: E
Street Name: MAIN
St Suffix: Street
City/Town Code: Quartzsite
State/Province: AZ
Zip Code: 85346
Zip4: 0557
County Code: La Paz
Assessor Number: 306-24-011-G
Tax Year: 2023
General Property Description
# of Buildings: 40
Uncvrd Parking Spcs: 47
Lot Size Dimensions: irr
Total # of Units: 43
Elementary School District: Quartzsite Elementary District
High School District: Bicentennial Union High School District
Year Built: 1982
Zoning: UNKOWN
Project Type
25 - 50 Units: 1
Mobile Home Park: 1
RV Park: 1
Mobile Home & RV Prk: 1
Other (See Remarks): 1
Other Type
Packaged Offering: 1
Other (See Remarks): 1
Construction
Block: 1
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Other: 1
Floors
Vinyl: 1
Carpet: 1
Sale Includes
Land & Building: 1
Personal Property: 1
Laundry Equipment: 1
Other (See Remarks): 1
Income & Expenses
Annual Elec Exp: 35600
Annual Ins Exp: 4046
Annual Maint Exp: 51158
Annual Wtr/Swr Exp: 16653
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 403141
Operating Exp: 514187
Other Income: 664357
Vacancy Allowance: 0.03
Adjusted Gross Inc: 868438.09
Pmt & Rate Info
Cap Rate: 18.78
Equity: 1995000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Lockbox Type
None: 1
Community Features
Manager Res/Office: 1
General Store: 1
Barbecue: 1
Other: 1
See Remarks: 1
Heating
Individual: 1
Cooling
Ceiling Fan(s): 1
Window/Wall Unit: 1
Individual: 1
Tenant Pays
Cable TV: 1
Landscaping: 1
Appliances Included
Refrigerator: 1
Other: 1
Source of Fincl Data
Owner: 1
Books Shwn Accpt Ofr: 1
Water Source
City Franchise: 1
Master Meter: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
<1 Space Per Unit: 1
Add'l Parking Avail: 1
Assigned: 1
RV Access/Parking: 1
Electric
Master Meter: 1
Other (See Remarks): 1
Gas
Propane Bottled: 1
Owner Pays
Water: 1
Sewer: 1
Electric: 1
Gas: 1
Trash Collection: 1
Landscaping: 1
See Remarks: 1
New Financing
Conventional: 1
Other (See Remarks): 1
Reports/Disclosures
Seller Prop Disc Stm: 1
APOD/Backup Avaible: 1
Sch of Personal Prop: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 600
Avg SqFt: 500
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 1000
Avg SqFt: 700
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Mobile Home Prk Info
Total Number Spaces: 34
# Single Wide Spaces: 34
# Overnight Spaces: 5
# RV Spaces: 5
# Park Owned Units: 30
Sold Info
Loan Type: Conventional
Loan Years: 25
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 50000
Seller Concession $/%: $
Remarks Misc
Cross Street: Main Street
Geo Lat: 33.66508
Geo Lon: -114.224611
Status Change Info
Off Market Date: 2024-05-01
Under Contract Date: 2024-05-01
Close of Escrow Date: 2024-07-30
Sold Price: $1,850,000
Legal Info
Lot Number: 01
Income Expenses
Gross Annual Sch Inc: 230940
Net Operating Income: 374722
Property Features
Project Type: 25 - 50 Units; Mobile Home Park; RV Park; Mobile Home & RV Prk; Other (See Remarks)
Other Type: Packaged Offering; Other (See Remarks)
Construction: Block; Wood Frame
Const - Finish: Stucco
Roofing: Other
Floors: Vinyl; Carpet
Sale Includes: Land & Building; Personal Property; Laundry Equipment; Other (See Remarks)
Community Features: Manager Res/Office; General Store; Barbecue; Other; See Remarks
Appliances Included: Refrigerator; Other
Heating: Individual
Cooling: Ceiling Fan(s); Window/Wall Unit; Individual
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Electric: Master Meter; Other (See Remarks)
Gas: Propane Bottled
Parking Features: <1 Space Per Unit; Add'l Parking Avail; Assigned; RV Access/Parking; Free
Owner Pays: Water; Electric; Gas; Trash Collection; Landscaping; See Remarks
Tenant Pays: Cable TV; Landscaping
Source of Fincl Data: Owner; Books Shwn Accpt Ofr
Lockbox Type: None
New Financing: Conventional; Other (See Remarks)
Environmental: None
Supplements
Propane Business: Pumping anywhere from 130,000 to 200,000 gallons of propane, patties has two lanes, two pumps, 1 large tank and lots of propane bottles/inventory. (2021- 136k gallons, 2022- 185k gallons) Food Area: A newly vacant fully commercial commissary and restaurant (approx 250 sqft) and outside up front food court area vibes (50 amp hook up) Commercial Building: (approx 1507 sqft) Divided into three areas The Water Queue, vacant retail and a laundromat. The Water Queue(1): 750 sqft,beautiful brand new water store on a 5 year commercial lease with increases yearly and 5 year renewal option. Currently paying $1100 a month plus utilities. Vacant Retail(2): approx 500-650 sqft Currently vacant, formerly a smoothie and coffee store, was rented at $750 a month plus utilities. Laundromat(3): approx 200-250 sqft all commercial new speedqueens 4 washers, 3 dryers (vending machines included) Main House: approx 1200 sqft private 2 bedroom one bath home, now being used as managers house/office (has major live/work and air b&b potential) Apartment A&B: Two studio apartments, more like motel/hotel rooms, previously renting at $500 a month each they are attached the main home but very separate. (major motel income potential plus air b&b) RV park: 36 trailer units with 50 amps sites, 32 are owned and rented at $400-$550 a month, 4 not owned rented at $250 a month. **Area Overview of Quartzsite, AZ** Quartzsite is a small town located in La Paz County, Arizona, USA. Situated in the southwestern part of the state, it is nestled between the cities of Phoenix and Yuma. The town is known for its unique and desert-centric lifestyle, making it a popular destination for winter visitors, snowbirds, and outdoor enthusiasts. **Geography and Climate:** Quartzsite is characterized by its arid desert landscape, with the Sonoran Desert stretching across the region. The town's location near the Colorado River contributes to its desert climate, characterized by hot summers and mild winters. Summer temperatures can soar well above 100 degrees Fahrenheit, while winters are relatively mild, making it an attractive spot for those seeking warmer temperatures during the colder months. **Population:** As of my last knowledge update in September 2021, Quartzsite's population was around 3,000 residents. However, during the winter season, the population can dramatically increase due to the influx of snowbirds and visitors who come to escape colder climates. **Tourism and Attractions:** Quartzsite has gained popularity as a mecca for rock hounds, gem enthusiasts, and RVers. The town hosts one of the largest gem and mineral shows in the world, attracting thousands of visitors annually. The Quartzsite Gem and Mineral Shows take place during January and February and feature numerous vendors selling everything from gemstones and minerals to fossils and jewelry. Another major attraction in the area is the BLM (Bureau of Land Management) land surrounding Quartzsite. This vast expanse of public land offers ample opportunities for boondocking and camping, making it a favorite spot for RV travelers and desert campers. Outdoor activities such as hiking, off-roading, and stargazing are also popular in this region. **Community and Events:** Quartzsite is known for its tight-knit community of year-round residents and winter visitors. Throughout the year, the town hosts various events and festivals, including the Quartzsite Sports, Vacation & RV Show, the Annual QIA PowWow Gem & Mineral Show, and the Tyson Wells Rock & Gem Show. These events bring people from all over the country together to celebrate shared interests and enjoy the desert lifestyle. **Services and Amenities:** Despite its small size, Quartzsite offers essential services and amenities to accommodate residents and visitors. There are grocery stores, gas stations, restaurants, RV parks, and other necessary facilities. During the peak winter season, additional vendors and services pop up to cater to the influx of visitors. **Conclusion:** Quartzsite, AZ, is a unique and vibrant desert town that attracts visitors with its gem shows, desert camping opportunities, and welcoming community. Its remote location and desert surroundings offer a tranquil escape from city life and draw nature enthusiasts and RV travelers seeking a taste of the desert lifestyle. Whether you're interested in rocks and gems, outdoor activities, or simply want to experience life in the arid Southwest, Quartzsite has something to offer to everyone.

IDX
Listing Office: Gerchick Real Estate

Last Updated: July - 30 - 2024

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