Contact Information

Mobile Home Park Details

  • Price: $585,000
  • Purchase Method: Cash
  • Property ID: 1584692
  • Posted On: Jan 12, 2022
  • Updated On: Nov 28, 2022

Property Description

Lot Rent Increased! Price reduced again! Bring your offers!

For sale is a turn-key investment opportunity. Completely hands-off with local Property Manager who has been running the park for years. Or manage yourself for even better returns! Many long term tenants and great demand whenever there is a vacancy. Recent renovations and large investment in sub-metering water utilities. All utilities setup for sub metering to tenants. Mostly tenant-owned or rent-to-own homes. The few park-owned could be sold to tenants as well. Still room to raise rents and tune up as value-add! Contact seller/owner for more information. For sale by owner. No Brokers. Make an offer.

Location

Within city limits of Manhattan, KS with strong demand for affordable housing.

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

Park Information

Community Type: All Age
Number of MH Lots: 19
Total Occupancy: 100.0 %
Average MH Lot Rent: $300

Financial Information

Gross Income $82,000
Operating Expense $28,000
Net Operating Income $54,000
Expense Ratio 34.1 %
Debt Info

Lot Information

Singlewide Lots: 19

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 5
Average Rent for Park-owned Homes: $415

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