The 33 home site all-age manufactured home (MH) and recreational vehicle community sits on 2.5 acres, the homes are owner-occupied, and smaller single section homes or Park Models only can fit on the small sites—it is not large enough for newer MH. Going forward, likely Park Models will occupy the community, which currently is 94 percent occupied, and includes four apartment units.
The $300/month site rents—low for the Glendale market–have not been raised in nine years, there is no rent control, each homesite receives its own utilities bill, and being on Glendale Ave. presents future options for redevelopment. The community is in above average condition.
Westview Park LLC obtained financing from Alaska Federal Credit Union with a projected 10.5 percent capitalization rate. ##
(Photo credit: azbigmedia–Westview Mobile Home and RV Park)
