Higgins Lane MHP 1701 W Higgins Ln 11 Unit Mobile Home Park $745,847 CAD ($67,804 CAD/Unit) 10.47% Cap Rate Tucson, AZ 85705

Higgins Mobile Home Park is an 11-space MHP community ideally positioned in Central Tucson near I10 and Prince. The property presents investors with a compelling opportunity to acquire a well-located asset with strong historical performance and meaningful value-add potential. Long-term ownership has maintained historically high occupancy and strong historical financials, providing a solid foundation for future growth.
The community features a mix of park-owned and tenant-owned homes (6 – park – owned (one vacant), 4 – lot rent, & 1 – single-family-owned), creating multiple income streams and operational flexibility. In addition, all residents are on month-to-month rental agreements, allowing new ownership the ability to strategically implement rental increases and improve overall operations.
Higgins Mobile Home Park benefits from historically long-term tenancy, and an established utility billback program that recaptures tenant usage for electric, gas, water, sewer, and trash expenses. With strong historical financials, long-term tenancy, and operational upside, the property offers investors the opportunity to enhance cash flow while acquiring a centrally located manufactured housing asset in one of Tucson's most established residential corridors.
The property is located just minutes from multiple retail corridors, providing residents with convenient access to everyday necessities and major shopping destinations. Additionally, Interstate 10 is approximately 1 mile away, offering seamless connectivity to Downtown Tucson and the greater metropolitan area. Combined with strong historical occupancy, and operational upside through below-market rents, Higgins Mobile Home Park represents a compelling opportunity to acquire a well-located manufactured housing community in one of Tucson's most established infill submarkets.