Contact Information

Mobile Home Park Details

  • Price: $2,500,000
  • Cap Rate: 6.9%
  • Property ID: 1326649
  • Posted On: Sep 18, 2020
  • Updated On: Feb 3, 2021

Property Description

Please contact the listing agent Parker Kelly for more information
(678) 677-9515

Autumn Falls MHP consists of 50 MH lots and 1 single family home. There are 15 tenant owned homes, 15 rented park owned homes, 1 vacant POH that is currently used as an office, 19 RV tenant owned units, and 1 singe family house. The 19 current RV tenants are on annual leases and those lots can accommodate mobile homes. Average rents are $373 lot rent, $194 POH rent, $369 RV rent, and $650 for the single-family house. This park is NOT in a flood zone or opportunity zone. The property is serviced by public water and sewer that is sub metered and billed back to tenants. Trash service is provided by dumpsters that are located in the park and paid for by the park owner. Finally, electricity is direct billed, with exception for a few tenants who still have their power account in the parks name. The park then sends the bills to those tenants and recoup 100% of the expenses. The roads are paved and in average shape.
The pricing represents a 6.89% cap rate using all income except POH revenues, at a 34.7% expense ratio. We are asking investors to submit offers at or above $2,500,000. There are currently two debt quotes for a non-recourse Fannie Mae loan that is ready for the new buyer to step into among purchase. Total max loan amount is $1,400,000 – financed at a 2.87% interest rate, 30 year am, with 2 years of interest only, and a 10-year balloon. Once the park is fully maximized the proforma value is $3,405,718 at a 6% cap rate.


Autumn Falls MHP is a stabilized, well located community, just 7 miles from the center of downtown Kansas City with easily achievable upside in rent.

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Park Information

Number of MH Lots: 50
Total Occupancy: 98.0 %
Size: 3 acre(s)

Financial Information

Net Operating Income $161,311
Debt Info

Utility Information

Water: City
Sewer: City

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