Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 1638694
- Posted On: Apr 4, 2022
- Updated On: May 9, 2022
Description
UNPRICED - MAKE AN OFFER
This is a two property SE Idaho mobile home park portfolio comprised of 67 units on 11.7 acres at 448 US Highway 26, Blackfoot, ID and 310, 350 and 400 S. 12th W. St. Anthony, ID. The communities are all age, with a mix of municipal and on-site utilities offering lower operating costs. The current ownership has recently invested $30,000 in capital expenditures including common area sprinklers, septic system liners, and new well pumps.
Location
Blackfoot is located between the two larger communities of Pocatello and Idaho Falls, ID. It is predominately and agricultural community with secondary employment supporting the Idaho National Laboratory (INL) research facility. St. Anthony is located on the world renowned Henry's Fork trout fishery on the way to Yellowstone and Teton National Parks.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 67 |
| Total Occupancy: | 94.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $327 |
| Size: | 12 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $294,217 |
| Operating Expense: | $100,446 |
| Net Operating Income: | $193,770 |
| Expense Ratio: | 34.1 % |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 2 |
| Average Rent for Park-owned Homes: | $728 |