Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 9.3%
- Listing ID: 1925678
- Posted On: Nov 14, 2022
- Updated On: Dec 13, 2022
Description
Are you looking to grow your investment portfolio, trying to find a way to keep your money safe from raging inflation, or just breaking into your investment career? Check out this new great investment opportunity in St. Marys KS! This 2.05 acres of mobile home park is home to 14 units! This park provides amazing cashflow and steady occupancy.
List price is $800,000 with $40,000 rebate for a new trailer to replace a damaged one. Or $760,000 as-is.
One unit is lot rent only. The tenants have been planning to leave for almost a year.
Call us today to schedule your showing! (785) 338-3597
Location
Located in NE Kansas just 25 min west of Topeka.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 14 |
| Total Occupancy: | 86.0 % |
| Average MH Lot Rent: | $745 |
| Size: | 2 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $101,400 |
| Operating Expense: | $26,868 |
| Net Operating Income: | $74,532 |
| Expense Ratio: | 26.5 % |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 13 |
| Average Rent for Park-owned Homes: | $745 |