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Address is 324 S. Hwy 24 Heyburn, ID 83336

Barry Bakke

Barry Bakke Investment Real Estate

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Wayside Mobile Home Park

Mobile Home Park for Sale in Heyburn, Idaho

324 S. Hwy 24
Heyburn, ID 83336

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Sale Price: $1,575,000
 

Contact Information

Barry Bakke
Barry Bakke Investment Real Estate

Mobile Home Park for Sale

Number of MH Lots: 53
Size: 8.2 acre(s)
Cap Rate: 8.0%
Purchase Method: Cash, New Loan
Status: Sale Pending
Property ID: 863476
Posted on: Sep 28, 2017
Updated on: Oct 16, 2017
Price: $1,575,000

Property Description

Wayside Mobile Home Park is a clean, well managed, 53 space all age community on 8.221 acres. All mobile homes are tenant owned. The park owns one stick built house with a garage and office. Occupancy is 100%.

The park is situated behind a service station/convenience store and the Wayside Café right off of Hwy 24 about 1 block north of Interstate 84. The sewer is serviced by the local sewer district. Water is supplied by wells. A
new deep well is being installed and is included in the sales price. The streets are paved and in good shape. The entrance from Hwy 24 to the entrance of the park was repaved in late 2016 for a cost of $73,000. Water, sewer and trash are included in the lot rent. The park reads the meters and bills tenants for electricity.

The Heyburn/Rupert area is located in the heart of one of Idaho’s most productive irrigated farming regions providing an abundance of agricultural and stable food processing jobs. Listed at an 8.03% Cap rate, Wayside Mobile Home Park offers the investor a strong return on a stabilized community.

INVESTMENT HIGHLIGHTS!!

All mobile homes are tenant owned
Onsite manager
City sewer
Well water
Paved streets
Entrance to park repaved 2016
Fully occupied
Fenced area for vehicle and RV storage
Park bills for electrical usage
Fenced RV and vehicle storage (currently tenants can use for no fees)
New deep well to be drilled by seller
Stick built home and office are park owned

Park Information

Number of MH Lots:53
Size:8.2 acre(s)

Utility Information

Water:Well
Sewer:City

Amenities and Other

Storage: Yes


Zip codes in Heyburn, ID


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