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Mobile Home Park Details

Purchase Method: Cash, New Loan
Cap Rate: 7.5%
Listing ID: 1131217
Posted On: Sep 9, 2019
Updated On: Dec 5, 2023

Description

This community is one of the very nicest mobile home communities in the Wichita Metro Area. The property features newly re-paved asphalt roadways along with concrete curbs, sidewalks and drives.

The homes are a mix of late model double wide and single section homes, several of which have site-built garages and/or individual storm shelters. Predominant exterior materials are vinyl siding and asphalt shingle roofs. All sites have a trash can enclosure, and the contracted provider picks up and returns the cans to that location, so there is never trash at the curb.

The property is a subdivision style community, with HOA management. (Purchaser will have voting control of HOA).

Location

With a population of over 644,000, Wichita is the largest city in Kansas, and the second largest metro area, behind Kansas City. Known as the Air Capital, the city is home to many aviation manufacturing companies and their subcontractors, plus McConnell Air Force Base. Wichita has a major presence with the two largest private companies in the world. Koch Industries has its headquarters in Wichita, and Cargill has a newly constructed regional headquarters in downtown. Southborough Estates is located on the southwest side of 47th Street S and Meridian Ave, a short distance from the I-235 Interchange. This property is located in the desirable Haysville School district.

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