Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Manufactured Home Community
Photo of Manufactured Home Community
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Manufactured Home Community

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 6.0%
  • Listing ID: 1118293
  • Posted On: Aug 9, 2019
  • Updated On: Nov 6, 2020

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 4 homes sold on contract. 3.09 acre site is a designated OPPORTUNITY ZONE! An affordable housing shortage exists in Brigham City. Brigham Village is presently 97.4% 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: Approx. 60% 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" which is a development tool designed to drive long term capital into low income communities and provides federal tax incentives for investors to reinvest their capital gains.

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: 97.4 %
Average MH Lot Rent: $380
Size: 3 acre(s)

Financial Information (Actual)

Gross Income: $171,338
Operating Expense: $51,401
Net Operating Income: $119,937
Expense Ratio: 30.0 %
Debt Info: Free & Clear; NOI based on estimated FY 8/20 to 7/21 without 2021 esc.

Utility Information

Water: City
Water Paid By: Park
Sewer: City

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