HUGE UP SIDE POTENTIAL IN THIS PARK. SELLING NO BLUE SKY. The park consists of 29 acres total. 109 spaces various lot sizes. This summary is based on 48-lot rents, 36-mobile home rents and income from RV lot rental. Concrete pads/strips & asphalt roads, city utilities, all utilities sub-metered. 48-spaces are occupied of that 36-spaces are occupied by park owned homes. 40-of the 109-lots are set up for RV’s or mobiles. Each have 50 AMP pedestals; drop in sewer connections, frost free water hydrants, and individual electric meters. This summary and cap rate is based on an the average income & expenses from the actual profit and loss statements provided by seller for the years 2012 through 2015. The vacancy rate used was 10% of the actual incomes provided by seller. The up side to be realized would come in the purchasing of additional park owned homes or move-ins from other parks. This method is commonly used in this market area to create up side value. 13,658 Traffic count on HWY 50, All city utilities on site. Retail Trade Area Population 70,000 estimated for 2016. Population 1-mile 5,804, 3-miles 21,622, 5-miles 25,235. AVG Household income 1-mile $45,909,3-miles $50,077, 5-miles $51,235. Population of Warrensburg 19,268 for 2013. Home of the University of Central Missouri student enrollments 12,000. Home of the Missouri Veterans Home and Western Missouri Medical Center Please sign and return the enclosed Confidentially Agreement (C/A) for a copy of 2012 through 2015 profit and loss statements.
