475 4ThMountain Home, ID 83647

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.