Contact Information
Jason Bergan
License: S65228000
Mobile Home Park Details
- Price: $159,000
- Cap Rate: 10.2% (Actual)
- Listing ID: 7055504
- Posted On: Jul 14, 2026
- Updated On: Jul 14, 2026
Description
Uptown Park is a 6-lot manufactured housing community that also includes a one-bedroom single-family home, creating a diversified income. The single family home has been remodeled, providing a low-maintenance asset for new ownership.
Current lot rent is $200 per month, with water, sewer, trash service, and common area mowing included. This presents a clear value-add opportunity for new ownership to increase rents toward market rates over time while implementing utility bill-backs to tenants, reducing operating expenses and improving net operating income.
The park-owned home currently generates an additional $270 per month above lot rent.
The single-family home is currently leased for $520 per month, slightly below market rent, providing another opportunity to increase revenue through future rent adjustments.
With below-market rents, utility reimbursement potential, and multiple avenues for income growth, Up Town Park offers investors an attractive value-add opportunity with stable in-place cash flow and long-term upside.
Below Market Rents
Park-owned Home income above lot rent: $270
Single-family home income: $520
Utility recapture potential
Remodeled Single Family Home
Well maintained park-owned homes
55+ current tenant base
Location
Nickerson is located in Reno County, Kansas and has a population
of 1,060 residents. Nickerson is located 15 minutes from South
Hutchinson, KS which has a resident of roughly 40,000. This offers
residents at the community a small town feel, with easy access to
employment and amenities in the surrounding area.
Park Information
| Number of MH Lots: | 6 |
| Average MH Lot Rent: | $200 |
| Size: | 1 acre(s) |
Financial Information (Actual)
| Gross Income: | $19,920 |
| Operating Expense: | $3,598 |
| Net Operating Income: | $16,322 |
| Expense Ratio: | 18.1 % |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 2 |
| Average Rent for Park-owned Homes: | $270 |