Mobile Home Park

Red Rock Mobile Home Park

810 N 8th St, Montpelier, ID 83254

Listing Price: $1,200,000

Cap Rate
6.10%
Number of Spaces
44
Lot Size
7.22 acres
Occupancy
49.0%
Price/Space
$27,273
Spaces/Acre
6.00
Year Built
1983

Investment Overview

Marcus & Millichap is proud to present for sale Red Rock Mobile Home Park. The 2-star park is located in Montpelier, Idaho, just a few short miles from beautiful Bear Lake - the Caribbean of the Rockies. A clean, all ages park with close access to the lake, mountains, rivers, and an array of other outdoor amenities, Southeast Idaho is one of the more beautiful locales in the Mountain West. With city water and sewer and direct billed electric the park presents a great opportunity for investors looking for a value-add opportunity. With roughly 1/3 of the pads left to fill, the improvements are extremely straightforward.

Idaho is a business friendly state that has seen an influx of population over the last decade. Montpelier is the largest community in Bear Lake Valley. The main industries for the area are farming and tourism. The occupancy rate has been improved by the current owner and with additional units could continue to increase. There are several Park Owned Homes that could be used as rentals to increase cash flow or sold to tenants so as to reduce liability.

Investment Highlights

  • Opportunity to quickly increase revenue by filling spaces
  • Recession Resistant Asset Class
  • All City Utilities

Broker of Record

  • Paul Ryan

    Senior Associate

    License(s): ID: DB39666

    Idaho

Mobile Home Park

Red Rock Mobile Home Park

Listing Price: $1,200,000

Cap Rate
6.10%
Number of Spaces
44
Lot Size
7.22 acres
Occupancy
49.0%
Price/Space
$27,273
Spaces/Acre
6.00
Year Built
1983

Investment Highlights

  • Opportunity to quickly increase revenue by filling spaces
  • Recession Resistant Asset Class
  • All City Utilities

Investment Overview

Marcus & Millichap is proud to present for sale Red Rock Mobile Home Park. The 2-star park is located in Montpelier, Idaho, just a few short miles from beautiful Bear Lake - the Caribbean of the Rockies. A clean, all ages park with close access to the lake, mountains, rivers, and an array of other outdoor amenities, Southeast Idaho is one of the more beautiful locales in the Mountain West. With city water and sewer and direct billed electric the park presents a great opportunity for investors looking for a value-add opportunity. With roughly 1/3 of the pads left to fill, the improvements are extremely straightforward.

Idaho is a business friendly state that has seen an influx of population over the last decade. Montpelier is the largest community in Bear Lake Valley. The main industries for the area are farming and tourism. The occupancy rate has been improved by the current owner and with additional units could continue to increase. There are several Park Owned Homes that could be used as rentals to increase cash flow or sold to tenants so as to reduce liability.

Broker of Record

  • Paul Ryan

    Senior Associate

    License(s): ID: DB39666

    Idaho

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