Multifamily Property For Sale - Willow Mobile Home Park

100 Sunset Avenue, Evanston, WY, 82930

 
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Willow Mobile Home Park

 

100 Sunset Avenue

Evanston, Wyoming 82930
County: Uinta
 
   Photos
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  For Sale Active  
Type:Multifamily
Mobile Home/RV Community
No. Spaces:117
Lot Size:29.84 Acres
Occupancy:54.00%
Price:$1,500,000
Price/Space:$12,821
Cap Rate:6.20%
Year Built:1970
Date Last
Verified:
12/12/2008
Property ID:15278074
 
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 Additional Information 

Property Description:
Willow Mobile Home Park is an all family 117 space park with large single wide and double wide spaces encompassing almost 30 acres of land in Evanston, WY. This is truly the nicest park in the region including; large lots, beautiful landscaping and views, wide curbed & guttered private streets, and a large park for residents. The property includes certain water rights to an agricultural underground well that keeps the entire property watered for a very minimal cost to the owner. This is a value added deal with many upsides. Due to its current 46% vacancy a new owner can add additional homes as rentals, sales, or space rent. The housing market in Evanston has very few affordable options for residents, therefore creating a higher demand for mobile home space. In recent years, the current owner has only allowed homes into the park that are 5 years old or newer. This has limited the number of tenants however; a new investor/owner may change this policy. Priced well under market value at $15,385 per space, Willow Park is a cash flowing
investment in a growing market.

Location Description:
Evanston, WY is a special place situated in the
southwest corner of Wyoming. Located on
the main East - West I-80 interstate, Evanston
is a short drive from large metropolitan
areas, yet maintain a quieter way of life.
Evanston values their pioneer heritage
and honor it by preserving many historic
sites. Blessed with great scenic beauty,
Evanston has a passion to preserve
their wild spaces for sports & recreation.
A rich and diverse community, Evanston is
a great place to live, work, retire and raise a
family.

Property Types:Mobile Home/RV Community
Multifamily (land)
Residential (land)
Commercial/Other (land)
TaxID/APN:1397
 Highlights 
True Value Added InvestmentHigh Demand Area with little affordable housing options
 
Priced Well Below Market$15,385 Per Space
 
Best looking park in Evanston  
  Financial Summary Actual  
Scheduled Gross Income:$313,020
Effective Gross Income:$169,031
Net Operating Income:$92,800
 
  Space Mix Information
single wide & double wide spaces
No. Spaces: 117
Avg. Mo. Rent: $225
 
 
  Debt & Equity Information
No Debt & Equity Information Provided
8/8/2007
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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
 
 

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