Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Property ID: 1177042
  • Posted On: Jan 7, 2020
  • Updated On: Feb 14, 2020

Property Description

Have you been looking for a mobile home park as an investment but been unable to find one due to budgetary constraints?
This Mobile Home Community might be just the one you are looking for. Whether you are a seasoned real estate professional
or brand new to this type of investment, this is a park that has plenty of value added opportunities for the next owner.

About the Opportunity
• Water and Sewer are not yet sub-metered
• Rents have not been raised since 2016
• There is room to double the homes in the park (bring in some homes and do the math)
• Best of all you can get into this park for less than 100k down with interest only payments for 3 years; so you will still
have funds left over to boost revenues.
About The Park
• Plenty of Shade Trees
• There are no Park Owned Rental Homes
• There are no other miscellaneous park owned structures to maintain or pay taxes on that reduce income potential
• Tenants have Gas and Electric in their names
• The park borders Lakeview public park and is walking distance to East Street playground
• There is plenty of parking space
• The park is across the street from Bunge Corporation
• The park is in a tree lined neighborhood but also walking distance to Emporia city center
• It is 2.5 miles to Emporia State University

Location

About the Area
• Emporia is the Lyon County Seat
• Major Employers: USD#253, Tyson, Emporia State University, Simmons Pet Food, Hostess, Newman Health…
• There are over 259,000 people within a 1 hour drive of the city
• Emporia has an unemployment rate of 3.5% which is under the national rate of 3.9%
• Median Household Income: $40,427 at 2010-2014, a 11.25% increase since 2005-2009
• Median House Price: $92,500 at 2010-2014, a 2.66% increase since 2005-2009
• Emporia City has beautiful parks, safe neighborhoods, great schools and Emporia State University.
• Emporia City provides excellent business and development opportunities due to its proximity to major rail lines.
• Walmart and Sonic both have locations in Emporia

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 33
Total Occupancy: 41.0 %
Size: 2 acre(s)

Lot Information

Singlewide Lots: 32
Doublewide Lots: 1
Triplewide Lots: 0
Park Model Lots: 0

RV Information

Number of RV Lots: 8

Utility Information

Water: City
Water Paid By: Park
Sewer: City

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