410 Main StBrigham City, UT 84302

Property Details for 410 Main St

Year built

1963

Lot size

3.09 AC

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a 37-unit mobile home park in Brigham City, Utah, situated on a 3.09-acre lot. Currently boasting 100% occupancy, the park comprises 34 mobile home pads, one single-family home, and two commercial/retail units. The property features 40 parking spaces and benefits from public utilities. Built in 1963, the park offers significant value-add potential through implementing water/trash pass-through billing, installing fiber internet, and increasing lot rent (currently $515/month) to market rates. The strong current NOI of $189,023 and a 5.41% cap rate project to a pro-forma NOI of $225,033 and a 6.44% cap rate, showcasing substantial upside. The asking price is $3,495,000, translating to approximately $102,794.12 per pad. Extensive capital improvements have already been completed, ensuring immediate cash flow for the new owner. The property's size and location also present potential for future redevelopment. The property's APN is 03-088-0003 & 03-088-0004. This is a rare opportunity to acquire a fully occupied, cash-flowing mobile home community with considerable growth potential.

Location Insight

City

Brigham City

County

Box Elder

State

Utah

Latitude

41.5196

Longitude

-112.014

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