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Eagle Mobile Park - for Sale in Fort Hall, Idaho
24 Eagle Rd.
Fort Hall, ID 83202
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Sale Price: $280,000
Seller Information
Joseph Reichlin
Mobile Home Park for Sale |
|
| Number of MH Lots: | 30 |
| Size: | 5 acre(s) |
| Cap Rate: | 11.0% |
| Purchase Method: | Cash, Seller Financing, New Loan, Assumable Loan |
| Status: | Active |
| Property ID: | 15406 |
| Posted on: | Aug 17, 2010 |
| Updated on: | Apr 10, 2012 |
| Price: | $280,000 |
Property Description
30 space mobile home park 8 miles north of Pocatello, ID.
Illness forces sale. Individual electric and natural gas meters. Flat rate city water on septic system. Individual garbage cans at each space. Presently 24 spaces occupied. In park manager and out of state owner. I was recently diagnosed with Multiple Sclerosis and do not have the energy to continue. This is my first park and I am an inexperienced owner and could have done better, but illness forces sale. Full occupancy would raise the cap rate to 14.62 since the utilities and expenses are mostly fixed. Present cap rate is about 11.
Park Information
| Number of MH Lots: | 30 |
| Total Occupancy: | 80.0% |
| Year Built: | 1980 |
| Average MH Lot Rent: | $200 |
| Size: | 5.0 acre(s) |
Financial Information (Actual)
| Gross Income | $55,150 |
| Operating Expense | $19,030 |
| Net Operating Income | $36,120 |
| Expense Ratio | 34.5% |
| Debt Info | private 10% loan not assumable |
Lot Information
| Singlewide Lots: | 24 |
| Doublewide Lots: | 6 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 0 |
| Average Rent for Park-owned Homes: | $0 |