Seller Financing available for qualified buyers. Contact brokers for more information.

Lot rents have also not been raised in several years, and current rate averages are $60-$110 below market. Increasing lot rents and billing back utilities would significantly decrease the property expense ratios while raising NOI in the short term.

Current owners are also paying the local manager nearly double the industry standard to manager the parks. Owners already active in the area could easily have their current management assist with the subject property's day to operations would which decrease the expenses by nearly 10%.

The property is operating at roughly 50% occupancy, and a large amount of upside exists in infilling the property. Based on occupancy in similar properties in the area, there is a strong demand for affordable housing in South Hutchinson.

Current ownership has upgraded most of the 23 RV sites within the last several years, including nearly $10,000 in plumbing and electrical improvements. Most RV lots are set up with 50 amp electrical service, water, and sewer. There are 6 RV lots that have 30/50 amp services. Currently the owners have 6 RV lots under construction.

RV tenants' water is included in the rent and the electricity is included until 900KWs/month are used. Any amount of electricity used by an RV tenant is billed back at cost.

There is 1 Park-Owned Home in the north park that is vacant. The current owners were looking to remodel it into either a shower trailer for their RV tenants or an office for an on-site manager.

The sale price also includes two single family homes. One is a wood-framed 2-bed/1-bath home that rents for $450/month (tenant pays utilities). The other home is a 1-bed/1-bath brick built home that rents for $400.00 per month (tenant pays all utilities except water).

Property has one storm shelter in the north park and another in the south park.

Property is being sold as-is. Buyers are welcome to have plumbing and electrical above and below ground inspected at their own expense.