Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 7.0%
  • Property ID: 1749443
  • Posted On: Sep 2, 2022
  • Updated On: Dec 1, 2022

Property Description

We are selling Sunset 77 Mobile Home Park in Douglass, KS. It is in the Wichita, KS Metro with 600K+ population!

Here are the stats:
· 32/53 lots occupied
· 22 TOH
· Average Lot Rent-$303
· 10 POH-Average Year of 2010!
· City Water/Sewer Direct Billed!
· Paved Streets with offstreet parking
· Acreage included zoned for an additional 26 lot development

Asking Price-$1,400,000 ($1,150,000 Park Value + $250K POH Value)

Location

Douglass, KS

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Park Information

Community Type: All Age
Number of MH Lots: 53
Total Occupancy: 60.3 %
Year Built: 1980
Average MH Lot Rent: $303
Size: 14 acre(s)

Financial Information

Gross Income $116,340
Operating Expense $34,902
Net Operating Income $81,438
Expense Ratio 30.0 %
Debt Info

Lot Information

Singlewide Lots: 53

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 10
Average Rent for Park-owned Homes: $327

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