Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 7.0%
- Listing ID: 1749443
- Posted On: Sep 2, 2022
- Updated On: Dec 1, 2022
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
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
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 % |
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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