Contact Information

Chuck Gray

ReMax Truman Lake

Mobile Home Park Details

  • Price: $1,800,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.0%
  • Property ID: 1175653
  • Posted On: Jan 2, 2020
  • Updated On: Apr 29, 2020

Property Description

Contact broker for EXECUTIVE SUMMARY FOR DETAILS. RV sites are leased annually, seasonally and daily. Built in 2013/14 and consists of 20-acres +/-, 73 storage units / 6-storage buildings, 50-RV pad sites (with sewer drains in place to add 4 more sites) , laundry & pavilion with vending & concession, a 40-foot deep 1-acre stocked lake, engineered sewage treatment facility, rural water and full solar power.

Location

This property is located on State HWY U approximately 12 miles east of Clinton and 24 miles west of Warsaw. Bucksaw Resort & Marina is 1 mile south of this property. Bucksaw Resort is one of only 5-marinas on Truman Lake. The lake is a U.S Army Corps of Engineers flood control project. At pool the lake is 55,000 acres of water, at flood stage up to 200,000 acres of water. At pool the lake is surrounded by approximately 110,000 acres of public use land. The Army Corps of Engineers owns all the land surrounding the lake at an elevation of 748 and below. This property is not in a flood zone.

Amenities

  • Laundromat
  • Club House
  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 50
Total Occupancy: 85.0 %
Year Built: 2014
Average MH Lot Rent: $1,500
Size: 20 acre(s)

Financial Information (Pro Forma)

Gross Income $184,074
Operating Expense $31,614
Net Operating Income $152,460
Expense Ratio 17.2 %
Debt Info

RV Information

Number of RV Lots: 50
Average RV Lot Rent: $1,500

Utility Information

Water: City
Water Paid By: Park
Sewer: Treatment Plant

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