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Address is 205 S. Carbon Ave. Price, UT 84501

Cindy Crosman

Cambridge Real Estate Group of St. George

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Fairhaven Mobile Home Park

Multi Family Housing for Sale in Price, Utah

205 S. Carbon Ave.
Price, UT 84501

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Sale Price: $1,590,000
 

Contact Information

Cindy Crosman
Cambridge Real Estate Group of St. George

Mobile Home Park for Sale

Number of MH Lots: 33
Size: 2.7 acre(s)
Cap Rate: 8.7%
Purchase Method: Assumable Loan
Status: Active
Property ID: 20066
Posted on: Mar 09, 2011
Updated on: Mar 09, 2011
Price: $1,590,000

Property Description

Fairhaven MHP includes 33 spaces PLUS one commercial building and one house on 2.73 acres. Of the 33 spaces 30 are park owned, 2 are tenant owned and one vacant space. Approximately 8.7 cap rate. Great cash flow property. Sales portfolio available for review. Information deemed reliable but not guaranteed. Square footage varies per unit.

Location Description

Located on Highway 10 in Price, UT. Also address is 205 S. Carbon Avenue, just one block away from the Post Office.

Park Information

Number of MH Lots:33
Total Occupancy:91.0%
Average MH Lot Rent: $150
Size:2.7 acre(s)

Financial Information (Actual)

Gross Income$170,772
Operating Expense$33,005
Net Operating Income$137,767
Expense Ratio 19.3%
Debt Infoassumable loan

Lot Information

Singlewide Lots:31
Doublewide Lots:2

Utility Information

Water:City
Water Paid By: Tenant - Individual Service
Sewer:City

Park-Owned Homes

Number of Park-owned Homes:32
Average Rent for Park-owned Homes: $459


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