Contact Information

James Burgess

The Burgess Company

Mobile Home Park Details

  • Price: $2,000,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 5.8%
  • Property ID: 1118293
  • Posted On: Aug 9, 2019
  • Updated On: May 5, 2020

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 5 park owned homes and 6 homes sold on contract. 3.09 acre site is a designated OPPORTUNITY ZONE! NEWLY REDUCED TO $2,000,000. An affordable housing shortage exists in Brigham City. Brigham Village is presently 100% leased. To obtain complete Offering Memorandum reach out to James Burgess (james@theburgessco.com) for NDA necessary.

NOTE#1: NOI is computed without additional P.O.H & Homes sold on contract income
NOTE#2: 70% acquisition debt available to qualified Buyer, 10/30, at 3.75% fixed interest rate.

Location

Affordable Housing Shortage exists in Brigham City; Further this site designated an "Opportunity Zone"

Amenities

  • Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 36
Total Occupancy: 95.0 %
Average MH Lot Rent: $380
Size: 3 acre(s)

Financial Information (Actual)

Gross Income $167,103
Operating Expense $50,131
Net Operating Income $116,972
Expense Ratio 30.0 %
Debt Info Free & Clear; NOI based on FY 4/20 to 3/21

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 5