Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.0%
  • Listing ID: 2058764
  • Posted On: Feb 22, 2023
  • Updated On: Sep 19, 2023


These properties offer a new owner the opportunity to purchase 62 lots within the same geographical area, and upside through infill of the properties. Currently there are 28 occupied homes with a remaining 32 sites to be filled. Given the properties proximity to Wichita, and the surrounding metros, there is a good demand for affordable housing in the area. A new owner can also raise lot rents to market value over time and infill the properties gradually for increased income.

Lot Rent Comps:

Bluestem Village Leon, KS/Wichita MSA: Lot rents range from the Mid $300s to Low $400s for similar properties.

Hartford MHP: Hartford,KS/Emporia MSA: Market Lot rents are between the Low to Mid $200s

Blue Sky Village: Nickerson,KS/Hutchinson MSA: Market Lot Rents range from the high $200s- Mid $300s for similar parks

Local Management

Each property has a local manager in place, making this an easy transition for both local and out of state owners. One manager lives in the Leon property and is compensated with free lot rent. They are responsible for managing both Leon and Hartford.

A second manager lives off site in the Nickerson area and is paid $100 monthly to read meters for bill back, is paid $275 per mowing, and is paid $12 an hour as needed for additional work.

OM Link:


All three properties are within roughly an hour of Wichita, KS offering affordable housing and an easy commute to the metro area. MSA reports are available upon request, please contact broker via email for further information (

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Park Information

Community Type: All Age
Number of MH Lots: 62
Total Occupancy: 47.0 %
Average MH Lot Rent: $205

Financial Information (Actual)

Gross Income: $81,135
Operating Expense: $32,429
Net Operating Income: $48,706
Expense Ratio: 40.0 %

Utility Information

Water: City
Sewer: City

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