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Contact Information

Jesse Boone
Redzone Real Estate

Mobile Home Park Details

  • Price: $1,500,000
  • Cap Rate: 10.0% (Actual)
  • Listing ID: 6824878
  • Posted On: Feb 14, 2025
  • Updated On: Feb 14, 2025

Description

The M&J Mobile Home Park is located in rural Box Elder County, Utah. The community includes a total of thirteen rental units on 2.67 acres. All rental units are park-owned, and all but one of the rental units was a converted mobile home that now sits on a concrete foundation. All units have laundry hookups inside, a dedicated hot water heater, a dedicated central furnace, a dedicated propane tank, a dedicated power meter from Rocky Mountain Power, a dedicated irrigation water hydrant, and a dedicated culinary water connection from Ukon Water Company in Fielding. There is a large underground community septic system consisting of six total tanks which has been permitted by the Utah Department of Environmental Quality and recently inspected by a level 3 certified inspector. In the NorthWest corner of the lot, there is an underground water well with a solid pump house, and included in the sale are water right #29-4183 and water right #29-3933 totaling 11.1 ACFT and including 1.7 acres of irrigation water. All thirteen rental units have a dedicated culinary water connection from Ukon Water Company in Fielding. The property is currently being used as a rental investment and there is professional property management in place. The property manager is willing to stay on with a new owner upon request. All current leases can be canceled with a 30-day notice upon the sale.

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Park Information

Community Type: All Age
Number of MH Lots: 13
Total Occupancy: 100.0 %
Year Built: 1980
Average MH Lot Rent: $1,000
Size: 3 acre(s)

Financial Information (Actual)

Gross Income: $186,300
Operating Expense: $39,096
Net Operating Income: $147,192
Expense Ratio: 21.0 %

RV Information

Number of RV Lots: 1

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 13
Average Rent for Park-owned Homes: $1,000