Contact Information

James Burgess

The Burgess Company

Mobile Home Park Details

  • Price: $2,000,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 5.4%
  • Property ID: 1118293
  • Posted On: Aug 9, 2019
  • Updated On: Oct 10, 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! 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: NOI is computed without additional P.O.H & Homes sold on contract income = to approximately an additional $22,273/yr.

Amenities

  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 36
Total Occupancy: 100.0 %
Average MH Lot Rent: $350
Size: 3.1 acre(s)

Financial Information (Actual)

Gross Income $154,850
Operating Expense $46,455
Net Operating Income $108,395
Expense Ratio 30.0 %
Debt Info None

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 6