Boulder Mobile Home Park - for Sale in Idaho Falls, Idaho
Idaho Falls, ID 83402
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Broker Information
Wes Leisy
Mobile Home Park for Sale |
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| Number of MH Lots: | 25 |
| Size: | 1.8 acre(s) |
| Cap Rate: | 9.0% |
| Purchase Method: | Cash, New Loan |
| Status: | Active |
| Property ID: | 72750 |
| Posted on: | Jun 22, 2011 |
| Updated on: | Jun 22, 2011 |
| Price: | $649,000 |
Property Description
25 space park in an excellent in-town location. 9 park-owned homes that always rent well. 1 vacant lot suitable for a smaller home. Includes large shop for storage or could be rented out separately. Includes adjacent 1/3 acre grassed lot for tenant use. New 8" sewer main and individual 4" service lines to 16 spaces; the remaining 9 can be added to the system easily in the future. Tenants enjoy the quiet setting and mature trees in a convenient, central location. The net income for this property has a rock-solid history. Call Rich @ 319.270.2767
Location Description
Idaho Falls is a very stable economy due to the activity from large corporations and the Idaho National Laboratory.
Park Information
| Number of MH Lots: | 25 |
| Average MH Lot Rent: | $165 |
| Size: | 1.8 acre(s) |
Financial Information (Actual)
| Gross Income | $69,292 |
| Operating Expense | $9,894 |
| Net Operating Income | $59,398 |
| Expense Ratio | 14.3% |
| Debt Info |
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