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MHP 919 Clay Street, Clay Center, KS 67432

Off Market  

Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 8.0%
  • Listing ID: 1518183
  • Posted On: Sep 20, 2021
  • Updated On: Dec 20, 2021

Description

This is a very nice clean and quiet park with a good cash flow. MHP is 20 minutes from one of the largest lakes in Kansas. Not to mention the various gulf courses within 10 minutes of the park. Other advantages include the park is 35 minutes from Manhattan , Kansas. with a population of over 50,000 residents. Manhattan is the home of the K-State University which has 20,000 students. Clay Center is also 25 minutes from the Fort Riley military base.

Location

MHP is right across the street from the Clay Center Elementary.

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Park Information

Community Type: All Age
Number of MH Lots: 10
Total Occupancy: 50.0 %
Average MH Lot Rent: $425
Size: 2 acre(s)

Financial Information

Gross Income: $23,700
Operating Expense: $3,600
Net Operating Income: $20,000
Expense Ratio: 15.2 %
Debt Info: debt free

Lot Information

Singlewide Lots: 9
Doublewide Lots: 1
Triplewide Lots: 0
Park Model Lots: 0

RV Information

Number of RV Lots: 5

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 5
Average Rent for Park-owned Homes: $425