Desert Hills Mobile Ranches

$775,000

617 W Setting Sun Ct Tombstone, AZ 85638

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About this listing

Desert Hills Mobile Ranch consists of 5 acres located on a hillside north of the OK Corral off Highway 80, on the way into Tombstone, Arizona—a popular historical site and tourist attraction. The property is home to 20 manufactured homes owned by the residents and 3 RV spaces rented year-round, with room to add more. Manufactured homeowners are full-time residents, and turnover is minimal, providing stable income for the property owner. All residents pay monthly lot rent, which includes trash, water, and septic services. Mobile homes are separately metered for electricity. Effective March 2025, a rent increase will be implemented following proper notice served to all tenants. Lot rent for the 20 mobile home pads will increase from $275/month to $325/month, and the 3 RV spaces will increase from $400/month to $425/month. The property also features a large three-bay garage/shop available for the owner’s use, with significant upside potential. The recently constructed 1,500-square-foot maintenance facility can be divided and rented as shop space or storage, providing an additional revenue stream. Furthermore, there is room to develop additional spaces, enhancing the long-term investment potential. Located off scenic Highway 80, the park enjoys proximity to Tombstone, home of the iconic OK Corral, and is a short, scenic drive from Sierra Vista with easy access to the towns of Benson, Bisbee, and Douglas. Desert Hills Mobile Ranch offers a blend of historical charm, stable income, and future development opportunities, making it an ideal investment in one of Arizona's most renowned old western towns.

  • Cap Rate

    7.18%

  • Pro Forma Cap Rate

    7.18%

  • Building Size

    1,800 sqft

  • Lot Area

    4.94 acres

  • Occupancy

    90%

  • Class

    B

  • Year Built

    1972

  • Parking Spots

    54

DESCRIPTION

  • • Lot Dimension: 526 x 429 x 478 x 427
  • • Annual Tax: $ 2714.72
  • • Average Occupancy Rate: 95.0
  • • Sewer: Septic
  • • Views: Scenic
  • • Water: City Water

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