Mobile Home Park Details

  • Price:
  • Purchase Method: Cash, New Loan
  • Property ID: 1021551
  • Posted on Jan 10, 2019

Property Description

11 Unit MHP for sale in Newton, KS!
Great starter park for someone looking to get into park investing! We've done a lot of work over the last year and it shows.
City water, City sewer. Infrastructure has been upgraded so there are no problems on that side. We're based in Denver, CO. Distance isn't an issue if you're worried about a long distance management setup.
Current park owned homes avg 500/month, 3 of them and expect 2 more in the next few months from people moving and selling back to park.
Current lot rent 230, 7 of them
Park brings in 3,000/month gross.
Room to bring in another trailer for another 550/month in additional income (Infrastructure in place, in use recently).
Park tenants are happy, and we offer managing the park after the sale if you don't want to deal with the hassle of collecting rent/fixing issues/etc.
We have info of local banker who is willing to loan on the park, it's just the same banker that is holding the note for us.
Phone text/call: 720-226-1060
My name's John.

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Park Information

Community Type: All Age
Number of MH Lots: 11
Total Occupancy: 90.9 %
Average MH Lot Rent: $218

Lot Information

Singlewide Lots: 11

RV Information

Number of RV Lots: 1
Average RV Lot Rent: $300

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 3
Average Rent for Park-owned Homes: $491

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