For Sale
$975,000

475 4Th Mountain Home, ID 83647

Idaho Mobile Home Park - High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents Shady Acres Mobile Home Park, a 12-unit multifamily property situated on a 1.27-acre lot in Mountain Home, Idaho (475 E 4th S, 83647). Built in 1945 and zoned R4, the park boasts 55,321 square feet and currently enjoys a 92% occupancy rate. The property features newly renovated homes, providing immediate cash flow. The current Net Operating Income (NOI) is $83,294, yielding a pro-forma cap rate of 8.60%. A pro-forma NOI of $48,365 is also available. Municipal water and sewer services are in place. Further value-add potential exists with one vacant pad suitable for a large mobile home or two smaller modular units. Additional income is generated from a storage/shop lease. The park's operating expenses are partially offset by reimbursements for water, sewer, and trash services from tenants. The asking price is $975,000, translating to $88,636 per unit. This property offers a compelling combination of stable income and significant upside potential for a savvy investor. The location within city limits provides convenient access to amenities and services.

Highlights

  • Newly renovated residential units.
  • Located within city limits.
  • City water and sewer service.
  • Significant value-add potential.
  • One vacant lot suitable for a large mobile home or two smaller modular units.
  • Existing storage/shop building with lease in place.

Property Details for 475 4Th

Property type
Mobile home & RV parks, Apartment buildings
Square Feet
55,321 SF
Year Built
1945
Lot Size (sq. ft)
55,321 SF
Units
12

Location Insight

City
Mountain Home
County
Elmore
State
Idaho
Latitude
43.1285845
Longitude
-115.6884865

FAQs

What type of property is this?
Mobile home & RV park - Idaho Mobile Home Park - High Occupancy
Where is the mobile home & rv park located?
The property is located at 475 4Th Mountain Home, ID.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Newly renovated residential units.; Located within city limits.; City water and sewer service.
How can I contact the broker?
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475 4Th
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