Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 8.0%
  • Property ID: 2144456
  • Posted On: Mar 10, 2023
  • Updated On: Mar 23, 2023

Property Description

65 spaces with room for 16 more spaces , Two park and one house adjoining . Bettys RV & Mobile Home Park "" all on City Water, with. 25 RV spaces, full hook ups, individual electric meters for easy bill back. 4 pull throughs. 9 occupied month to month at 350.00 . 6 more in construction. 12 Permanent Mobile Homes owner occupied at 240.00, tenants pay own electric & gas, Park pays water upside for new owner to individually meter. Two park owned mobile homes one is in construction for bath house/Office other is complete rehab at 100 W 6th.
Bettys South Mobile Home Park located across the street from Bettys RV on city water city sewer also. Permitted for 21 Spaces with 12 permanent owner occupied mobile homes @ 190.00 per month need rent raises, tenants pay own electric and gas. 1 SFH block construction rented at 400.00 per month, tenant pays electric & gas. 2 Park owned mobile homes need rehab.
110 West 6th 2bd/2bath SFH wood construction. Occupied with long time tenant @ 450.00 Tenants pays all utilities. Rent raise needed.
Park Pays for trash, Water/Sewer. RV Electric is billed back after 1000 KWH. RV sites are at the lowest in the area and new owner can raise to 400.00 easy. Lots of potential for someone here.
There are 2 Storm Shelters.


The Parks are set in the heart of South Hutchinson Kansas, 4.5 miles from the Kansas State Fair, located near major highways. 45 Minutes West of Wichita, Last year RV park was full for several months during the fair . Dollar General 1 block and Laundry 1 Block.

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Park Information

Community Type: All Age
Number of MH Lots: 65
Total Occupancy: 50.0 %
Year Built: 1950
Average MH Lot Rent: $215
Size: 7 acre(s)

Financial Information (Pro Forma)

Gross Income $142,080
Operating Expense $78,581
Net Operating Income $63,498
Expense Ratio 55.3 %
Debt Info

Lot Information

Singlewide Lots: 65

RV Information

Number of RV Lots: 25
Average RV Lot Rent: $350

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 2
Average Rent for Park-owned Homes: $425

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