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.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
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 |