Mobile Home Park Details
- Cap Rate: 10.0% (Actual)
- Listing ID: 6824878
- Posted On: Feb 14, 2025
- Updated On: Feb 6, 2026
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.
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 % |
Lot Information
| Singlewide Lots: | 11 |
| Doublewide Lots: | 2 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 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 |