Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 9.0%
- Listing ID: 915386
- Posted On: Apr 2, 2018
- Updated On: Dec 5, 2023
Description
Four mobile home communities in Liberal, Kansas (Population 20,757), totaling 342 spaces. The parks have all public utilities. No park owned homes or notes.
Likely upside through sub-metering water/sewer and infilling vacant sites with homes.
Location
Liberal has strong drivers for affordable housing, including a large meat packaging plant, ethanol plant, plus nearby agriculture and oil/gas production.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 342 |
| Total Occupancy: | 72.5 % |
| Average MH Lot Rent: | $300 |
| Size: | 54 acre(s) |
Financial Information (Actual)
| Gross Income: | $803,248 |
| Operating Expense: | $411,128 |
| Net Operating Income: | $392,120 |
| Expense Ratio: | 51.2 % |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
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