410 Main St Brigham City, UT 84302
- Mobile home & RV parks
- 3.09 lot acres
Current Use by Public Records
- Mobile home & RV parks
Property Details for 410 Main St
- Year built
- 1963
- Lot size
- 3.09 lot acres
- Property type
- Mobile home & RV parks
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brigham City
- County
- Box Elder
- State
- Utah
- Longitude
- -112.014
- Latitude
- 41.5196
