Mobile Home Park for sale - for Sale in Granby, Missouri

200 W. Cedar Street
Granby, MO 64844
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Photo of Manufactured Home Community
Photo of Manufactured Home Community

Mobile Home Park for Sale

Number of MH Lots: 51
Size: 8 acre(s)
Purchase Method: Cash, Seller Financing, New Loan
Status: Sale Pending
Property ID: 68453
Posted on: Mar 24, 2011
Updated on: Mar 12, 2012

Property Description

This seven acre, 51 sites, very well maintained and gorgeous mobile home park, has beautiful rolling hills surrounded by trees on 3 sides, making for a ideal country setting.

The park has 51 approved sites with all underground utilities- city water, municipal sewage, electric and phone (no septic tanks or wells). All the roads are paved in the park, locking mail boxes are provided at the front. The lots are approximately 50'x100' and are individually metered with city utilities. Trash is collected by the city at each lot and is paid for by the tenants, each tenant also is responsible for mowing his or her own lawn. Careful selection of residents has created a nice neighborhood with long term residents. This park requires very little management time, there's huge upside potential. It is located in Granby City Limits in Southwestern Missouri, Newton County only 15 minutes from Joplin, and 61 miles from Springfield, Missouri.

The park is approved for both single/double wide mobile homes, as well as RV’s. The park is situated on seven acres.

An additional one acre is also included in the deal. This acre is adjacent to the park and it is currently approved by the city for self-storage/garage units construction if desired by the new owner.

This park is close to three major fishing lakes and golf courses. Just under 90 miles from Tulsa, OK and less than 160 miles from Kansas City, MO, that makes the park a great location with so much potential for the future buyer.

The park currently has seven individually owned homes with excellent tenants. Monthly lot rent is $100, with potential income of 60,000.00+/year @ full occupancy.

The park community offers a great country feel with mature trees and landscaping; quiet setting with great views (see attached photos).

As an absentee owners we are not able to get the park to its full potential, that's why we are putting the park up for sale. If you have the time and skills but not the capital, we would consider a lease or park management agreement for a certain percentage of each new lot rent. Call for more details.

The park taxes are attractively low, $640 per year.

Sale price is reduced to $249,000.00 USD

For more information/photos or details email us at: bjanadri@gmail.com or call: 417-454-4985 to talk to Amanda for more information and to answer all your questions.

Profit/Expense list:

Annual Income at the current occupancy rate:
Rent $7,200.00 (for the six existing homes).

Annual Expenses:
Insurance: $577.50
Property tax: $640.00

Location Description

April Homes Mobile Home Park
200 W. Cedar Street,
Granby, MO 64844.
417-454-4985

Park Information

Number of MH Lots:51
Total Occupancy:12.0%
Year Built:1996
Average MH Lot Rent: $100
Size:8.0 acre(s)

Financial Information (Actual)

Gross Income$7,200
Operating Expense$3,500
Net Operating Income$3,700
Expense Ratio 48.6%
Debt Info

Lot Information

Singlewide Lots:51
Doublewide Lots:51

RV Information

Number of RV Lots:51
Average RV Lot Rent: $100

Utility Information

Water:City
Water Paid By: Tenant - Individual Service
Sewer:City

Amenities and Other

Storage: Yes