Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 6.8% (Actual)
- Listing ID: 2609835
- Posted On: Apr 24, 2023
- Updated On: May 23, 2024
Description
Nice, quiet location in small town with long-term residents. A number of parks locally have converted to lifestyle spaces to diversify income appealing to outdoor enthusiasts.
Location
Huntington, Utah is located on Hwy 10, 20 miles south of Price, Utah. Huntington is centrally located for all your outdoor adventure activities. Huntington Canyon (Hwy 31) is a scenic byway and is known for camping, fishing and 4 wheeling in the summer; in the winter you can enjoy sports such as snow and kite boarding, snowmobiling and there’s plenty of wildlife to see all year round.
Amenities
- Storage
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 9 |
| Total Occupancy: | 90.0 % |
| Year Built: | 1980 |
| Average MH Lot Rent: | $225 |
| Size: | 1 acre(s) |
Financial Information (Actual)
| Gross Income: | $22,560 |
| Operating Expense: | $4,020 |
| Net Operating Income: | $18,540 |
| Expense Ratio: | 17.8 % |
| Debt Info: | Owner owns park outright |
Lot Information
| Singlewide Lots: | 9 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |