Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 6.1%
- Listing ID: 1280999
- Posted On: Jun 30, 2020
- Updated On: Aug 17, 2020
Description
Juniper Court located In Heyburn, Idaho consists of 15 lots all currently occupied with tenant owned homes. Tenants pay $200/mo and pay their own water, sewer, trash, and electric direct to the municipalities. The subject property sits within the City of Heyburn with City water and City sewer.
Located directly to the South is Sunnyside Mobile Home Community which is also for sale by the same owner. Each park can sell individually or together as a package for $750,000. https://www.crexi.com/properties/409033/idaho-sunnyside-mobile-home-community
Storage units at North end of the property are not included in the sale, Seller is responsible for lot line adjustment and to be recorded at the sale of the property.
Location
Heyburn is a bedroom community to Burley Idaho that is separated by a bridge. The metro area consisting of Burley and Heyburn has a population of over 13,000 people with positive population growth and low unemployment of 2.2%. Major industries in the area include Manufacturing (17.6%), Agriculture (8.8%), and Retail Trade (16.1%). It is located on Interstate 84 which connects Utah and the Oregon/Washington. Flying into the property can be accomplished by traveling via Twin Falls, Idaho, or Pocatello, Idaho on major airlines. Each direction is an hour's drive.
Park Information
| Number of MH Lots: | 15 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $200 |
Financial Information (Actual)
| Net Operating Income: | $27,629 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |