410 N Main St, Brigham City, UT 84302

$3,750,000
68
BD
37
BA
18,500
SqFt
List Price
$3,750,000
Status
ACTIVE
MLS#
1980144
Days on Market
103
Price Change
▼ $200,000 1716329789
Year Built
1963
Bedrooms
68
Bathrooms
37
Acres
3.09
County
Box Elder
Region
Brigham City; Perry; Mantua

Property Description

Fantastic opportunity to purchase a rare, full-occupancy mobile home community in Brigham City. The property has 37 leased units, including 34 mobile homes, a single-family home, and 2 commercial/retail units. The community is owner-occupied, and no rentals are currently allowed. Lot rent is $515 per home starting June 1, 2024, with the upside in a new owner implementing water/trash passthrough billing, bringing in Fiber Internet, and raising the lot rent to market rate. Current ownership has done extensive capital improvement projects and cleared the path for a Buyer to come in and cashflow from day one. Potential redevelopment of the ~3.09 acres is possible, and the property is a perfect opportunity to collect rent while working through entitlements. Possible partial Seller Financing considered.

Additional Information

Taxes
$9,086
School District
Box Elder
Middle School
Box Elder
High School
Box Elder
Style
Other/See Remarks
Living Area
18,500
Listing Agent
Ryan Landis

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Calculator source: Real Geeks

Listing courtesy of Great Work Realty, PLLC.