4-5's MHP - for Sale in Pocatello, Idaho
5555 N Yellowstone Hwy
Pocatello, ID 83202
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Broker Information
Carrie HasselbringRE/MAX Preferred Properties
Mobile Home Park for Sale |
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| Number of MH Lots: | 41 |
| Size: | 4.4 acre(s) |
| Cap Rate: | 10.0% |
| Purchase Method: | Cash, Seller Financing |
| Status: | Active |
| Property ID: | 107687 |
| Posted on: | Nov 04, 2011 |
| Updated on: | Mar 17, 2012 |
| Price: | $1,250,000 |
Property Description
Profitable Mobile Home Park!! Currently operating as Four Fives trailer court. It’s prime location on Yellowstone Hwy is excellent for development opportunity in the future. Included in the sale are 34 mobile homes, most are rented and producing revenue. There 41 lots total. These mobile homes rent easily! Most are double wides and many are newer. Some lots are producing a fixed lot rent! The property has had improvements in the last 10 years, including water lines and pavement. It has impressive financials highlighting RIO and Cap Rate upon request. There is even opportunity to increase efficiency. Call or email us today for more information.
Location Description
High traffic, easy to find. Lots of prospective renter impressions.
Park Information
| Number of MH Lots: | 41 |
| Average MH Lot Rent: | $250 |
| Size: | 4.4 acre(s) |
Financial Information (Pro Forma)
| Gross Income | $221,100 |
| Operating Expense | $68,556 |
| Net Operating Income | $152,544 |
| Expense Ratio | 31.0% |
| Debt Info |
Lot Information
| Singlewide Lots: | 12 |
| Doublewide Lots: | 22 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 34 |
| Average Rent for Park-owned Homes: | $550 |