280 East 100 North 280 East 100 North, Huntington, UT 84528

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Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 6.8%
  • 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