Aerial Photo of Heart Village
Aerial Photo of Heart Village
Entry Photos- Heart Village
Entry Photos- Heart Village
Entry view of Tiny Home Area
Entry view of Tiny Home Area
Entry View of Office and Homes
Entry View of Office and Homes
View 2 of Tiny Homes
View 2 of Tiny Homes
Entry view with signage
Entry view with signage
Aerial Photo of Heart Village
Entry Photos- Heart Village
Entry view of Tiny Home Area
Entry View of Office and Homes
View 2 of Tiny Homes
Entry view with signage

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Listing ID: 120994
  • Posted On: Feb 22, 2012
  • Updated On: Aug 27, 2018

Description

One of the largest Mobile Home Parks in the country, the Heart Village Mobile Home Park has 444 pad sites that are contained within @ 50 acres of a 100 acre site. The property has great highway access to two interstate and one US highways. The streets are asphalted, private streets (except Ewing Dr. the main street) and are shaded by mature trees. The property has been maintained with pride.

The property is zoned M-2 Heavy Industrial and has two potential income-producing commercial business tenancies (including a 40' x 100' shop/building) and potential for development of the remaining 30+ acres. Additional property is a 40' x 100' T-hangar used for equipment storage and Park machine shop.

Currently Heart Village has 125 pads (@ 27% of the 444 pads) occupied, 45 of which are owner-owned rentals. Over 1/3 of the pad sites are 40' x 70', another 1/3 can take 80-foot or longer homes, and the remainder are 40' x 60'. The property has been in one ownership since start.

Key management/maintenance personnel can stay. This is a fantastic turn-key operation.

* Note: Some of the property is located within a 100-year floodplain. However, recent river channelization and minimal water levels mean this property is not floodprone from natural events.

Location

100 acres in eastern Kansas City, Missouri urban area. Excellent access to highways, Interstate 70, Interstate 435, and US Highway 40 and in close proximity to Major League Royals Baseball and Chiefs Football stadiums. Urban, yet insulated from surrounding uses by river, railtracks, and business-highway frontage.

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

Park Information

Community Type: All Age
Number of MH Lots: 444
Total Occupancy: 27.0 %
Year Built: 1950
Average MH Lot Rent: $255
Size: 100 acre(s)

Financial Information (Actual)

Gross Income: $650,000
Operating Expense: $235,000
Net Operating Income: $415,000
Expense Ratio: 36.2 %
Debt Info: none

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 45
Average Rent for Park-owned Homes: $650

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