Contact Information
Rick Hodge
Park Holdings Inc
Mobile Home Park Details
- Price: $900,000
- Purchase Method: Cash, Seller Financing, New Loan
- Property ID: 2114434
- Posted On: Mar 8, 2023
- Updated On: Mar 8, 2023
Property Description
Sycamore Square is a 35 pad mobile home park in Wichita, Kansas. It is close to major employers, restaurants, and entertainment. Sycamore Square is currently comprised of 12 park owned homes, mostly 2015 and newer, and 2 tenant owned homes. Lot rent is $325 per month and rent for park owned homes ranges from $695 to $925 per month. There are three homes that can be rehabbed that are not included in the 12 listed above. There are two tenant owned homes. The property has public water and sewer. A new owner could implement a utility bill back for recapture. Owners have improved the water and sewer lines and have added newer 200 amp electrical service to much of the park. Possible seller financing or master lease for the right buyer.
Location
1010 W 44th Street South, Wichita KS 67217
Park Information
Community Type: | All Age |
Number of MH Lots: | 35 |
Total Occupancy: | 35.0 % |
Average MH Lot Rent: | $325 |
Size: | 3 acre(s) |
Financial Information (Actual)
Gross Income | $113,280 |
Operating Expense | $10,920 |
Net Operating Income | $102,360 |
Expense Ratio | 9.6 % |
Debt Info |
Lot Information
Singlewide Lots: | 34 |
Doublewide Lots: | 1 |
Triplewide Lots: | 0 |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | City |
Park-Owned Homes
Number of Park-owned Homes: | 10 |
Average Rent for Park-owned Homes: | $879 |