Foothills Mobile Home Park
Property Description
Located near State Route 88 (the Apache Trail) in Apache Junction, Arizona, Foothills Mobile Home Park offers investors a rare combination of near-stabilized occupancy and recent capital improvements in one of the East Valley's most affordable housing markets. The property is 97% occupied and has been owner-operated, providing a solid operational foundation with identifiable upside for professional management. Recent upgrades include a 2023 on-site septic system update and newly sealed roadways, significantly reducing near-term capital expenditure risk. Additional highlights include park-owned units with remodeled bathrooms, multiple on-site storage and garage areas offering ancillary income potential, and a central mini-golf amenity that supports long-term tenant retention.
Investment Highlights
- High-Performing Asset: 97% occupancy with straightforward operations and limited complexity.
- Capital Improvements Already Completed: Recent septic and roadway upgrades reduce entry-level risk.
- Operational and Income Upside: Owner-operator management, renovated park-owned units, and multiple storage areas create clear paths to NOI growth.
- Resident-Friendly Amenities: Mini-golf feature creates a community feel uncommon in comparable parks.
Area Description
Apache Junction continues to benefit from strong population and housing demand driven by affordability, regional job access, and in-migration to the Phoenix metro, while maintaining a distinctive outdoor lifestyle at the gateway to the Superstition Mountains and Lost Dutchman State Park. The location near State Route 88 provides convenient connectivity to Mesa, Phoenix, and the broader East Valley employment base, appealing to both retirees and workforce residents.
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