Contact Information

Mobile Home Park Details

  • Price: $135,000
  • Purchase Method: Cash
  • Cap Rate: 6.0%
  • Property ID: 1381537
  • Posted On: Jan 19, 2021
  • Updated On: Jan 19, 2021

Property Description

Lovely treed and grass 4.7 acres within the City of Parsons, Kansas, zoned for mobile home park. Twelve occupied homes. Two unoccupied homes on lots and one lot available. Sale includes a 3 bdrm, 2 bath, 1280 sf 2001 Sunshine moble home which will generate additional income as a rental or rent-to-own property. Manager will move into tone of the unoccupied homes.
All lot are good size; many would accommodate double or triple home. There is ample space to develop at least 5 more lots without crouding anyone.

Location

Quite location at the end of Mosher Road on the west side of Parsons.

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Park Information

Community Type: All Age
Number of MH Lots: 14
Total Occupancy: 86.0 %
Year Built: 198991
Average MH Lot Rent: $180
Size: 5 acre(s)

Financial Information (Actual)

Gross Income $28,218
Operating Expense $20,214
Net Operating Income $8,004
Expense Ratio 71.6 %
Debt Info Property is free and clear.

Utility Information

Water: City
Water Paid By: Park
Sewer: City