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Mobile Home Park Details

Purchase Method: Cash
Listing ID: 537377
Posted On: May 27, 2015
Updated On: Apr 7, 2016

Description

- Opportunity to acquire two communities at attractive, in-place returns with upside potential to grow the RV and park owned home rental businesses. Locals are hopeful that the upcoming election year may stimulate natural gas market. Both communities were full about 8 years ago.
- Offering includes 41 inventory homes, only three of which are vacant, and 2 home notes with a remaining principal balance of $41,156, which signals there should be room to grow the park owned home rental business.
- Very little infrastructure risk since both communities are well built. Foothills has concrete roads and public utilities and Oregon Trails has all newer homes.
- Amenities at Foothills include a playground, off-street parking and an on-site management office.
- Farson includes over 17,000 square feet of commercial space currently generating over $13k of revenue per month.
- In front of Foothills is one of only five ranger districts in the Bridger-Teton National Forest providing a very attractive amenity to RV travelers visiting the area.

Location

- Foothills is located in Kemmerer, WY, the Lincoln County seat, 133 miles northeast of Salt Lake City, UT.
- Oregon Trail, located on US Highway 191, sits less than an hour from Jonah FIeld, a 22,000-acre natural gas field that supports thousands of jobs in the area.
- Park City, UT, a tourist hot spot bringing in an average $530 million per year, is three hours southwest of Oregon Trail and two hours from Foothills.
- 40 Miles south of Oregon Trail in Rock Springs is the White Mountain Mall. Its 35+ tenants include well-known regional and national stores, such as Jo-Ann Fabric & Craft Stores, Herberger' s, Zales Jewelers, Applebee' s, Claire' s, Famous Footwear and JCPenney.
- The nine-hole Fossil Island Golf Course, situated along the Hams Fork River, sits across the street from Foothills. It was modified in the mid 2000s to include the only dual Par 5 island green in the country.
- The estimated median household income for 2012 was $88,384 in Farson and $77,856 in Kemmerer.
- In close proximity to Foothills the 13,400-acre Kemmerer Mine produces an average of 4.8-million tons of coal per year, has won numerous safety awards and is one of the largest employers in the area.

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