Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 10.0%
  • Property ID: 1274065
  • Posted On: Jun 18, 2020
  • Updated On: Dec 23, 2020

Property Description

Arkansas City MHP is in Arkansas City, Kansas and has 20 pad sites with 14 currently rented (All 14 are tenant owned mobile homes) and 6 vacant pad-sites. Each pad site is individually metered for electric and the park runs on City Water and septic systems. All of this is on 7.6 Acres giving room for adding more pad-sites. Lot rent is $350/m and the park pays for water/trash which are usually $500-$600/month.

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Park Information

Community Type: All Age
Number of MH Lots: 20
Total Occupancy: 70.0 %
Average MH Lot Rent: $350
Size: 8 acre(s)

Financial Information (Actual)

Gross Income $58,800
Operating Expense $12,000
Net Operating Income $46,800
Expense Ratio 20.4 %
Debt Info

Lot Information

Singlewide Lots: 20

RV Information

Number of RV Lots: 0

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 0


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