Whites Mobile Home Park

Price: $754,660
Cap Rate: 10.000

Units: 55

Tooele, Utah

Whites Mobil e Home Park is located 35 minutes from downtown Salt Lake City in Tooele, UT. The property is an all-age family park and consists of 55 home sites on approximately 5 acres of land. There is a current 27% vacancy yet comparable parks in the region have an actual vacancy of 5%. A new owner/investor will be able to capitalize on the opportunity to bring in new homes, advertise available lots, and signifi cantly increase the income. The park has been valued on actual current income and expenses and is offered at a 10% Cap rate with possible 18% cash on cash return (depending on available fi nancing). Utility services include city water, city sewer, sub-metered electricity and sub-metered gas. Tenants are billed directly for electricityand gas. Included in the rents are the water, sewer, and garbage (paid by owner).
In addition to the Mobile Home Park offering, a new investor may be able to purchase additional
vacant land contiguous to the park for future development, water shares for the irrigation
water, and a warehouse which sits adjacent to the property. All of these can purchased aside from
the park or included in any offer. Ask agent for details.