









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 "RVParkkansas.com" 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.
Location
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.
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 |