Country Estates Mobile Home Park is a 128-site, all-ages, manufactured home community located in Pratt, Kansas. Pratt, Kansas is located in South Central Kansas, about 75 miles West of Wichita. The County population is around 10,000 people.

There is an opportunity for a savvy, experienced park investor to improve current operations. The owner's career obligations have resulted in a lack of attention to detail with management of Country Estates. There are currently 17 tenants that are over 60 days delinquent with rent. This additional vacancy has been included in the underwriting.

The average lot size in the park is 110 x 55. Electric is metered at each site with an average of 100 amps. Natural gas is also metered at each site by the gas company. Both electric and gas systems are in good condition.

The rent ranges from $150 - $160 per site depending on the lot size and location. There is an on-site manager that helps with day-to-day operations of the park and he is compensated with free lot rent.

This is a true value-add opportunity in a stable mid-west market.