Contact Information

Mobile Home Park Details

  • Price: $2,242,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 5.5%
  • Property ID: 1118293
  • Posted on Aug 9, 2019

Property Description

BV MHP is a 36 Unit manufactured home community consisting of 34 MHP Spaces and 2 stick built rentals located 60 miles north of Salt Lake City in the incorporated city of Brigham, Utah. BV offering includes 6 park owned homes and 6 homes sold on contract. 3.09 acre site is a designated OPPORTUNITY ZONE! Offering Price of $2,242,000. An affordable housing shortage exists in Brigham City. Presently vacancies are expected to be leased within 30 to 60 days. To obtain complete Offering Memorandum reach out to James Burgess (james@theburgessco.com) for NDA necessary.

Amenities

  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 34
Total Occupancy: 86.0 %
Average MH Lot Rent: $350
Size: 3.1 acre(s)

Financial Information (Pro Forma)

Gross Income $171,268
Operating Expense $47,453
Net Operating Income $123,815
Expense Ratio 27.7 %
Debt Info None

Park-Owned Homes

Number of Park-owned Homes: 6

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