Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 18.0%
- Listing ID: 1311876
- Posted On: Aug 24, 2020
- Updated On: Apr 30, 2021
Description
Cute and Clean refurbished Mobile Home Park in Western Kansas.
8 acres with pads and underground in for 60 spots. At this time 23 spots are occupied with 14 park owned homes, 3 of which are in contract in a rent to own contract.
There is also a 1942 farmhouse with an attached garage rented on the property.
Plus 2 detached garages on the property, and a concrete storm shelter...
Vacant lots are set up to accommodate RVs with water, sewer, and 50 amp service.
Location
Goodland is a city in and the county seat of Sherman County, Kansas, United States. As of the 2010 census, the city population was 4,489.
Amenities
- Laundromat
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Number of MH Lots: | 60 |
Financial Information (Actual)
| Gross Income: | $117,080 |
| Operating Expense: | $39,853 |
| Net Operating Income: | $77,227 |
| Expense Ratio: | 34.0 % |
Lot Information
| Triplewide Lots: | 0 |
RV Information
| Number of RV Lots: | 17 |
| Average RV Lot Rent: | $225 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 14 |
| Average Rent for Park-owned Homes: | $625 |