Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 18.0%
- Listing ID: 417267
- Posted On: Dec 4, 2013
- Updated On: Nov 6, 2014
Description
Three Mobile Home Parks all within 10 mile radius of each other. Approx. 20 minutes from Wichita. 93 Total lots. A few RV lots. 12 Park owned homes selling on Rent to Own Contracts. Lot Rent $150.00 - $190.00. All parks on City water.Two on City Sewer. One has Lagoon. Two Parks paved. One Gravel. Low overhead and maintenance with owner/operator.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 93 |
| Total Occupancy: | 66.0 % |
| Year Built: | 1975 |
Financial Information
| Gross Income: | $166 |
| Operating Expense: | $34 |
| Net Operating Income: | $132 |
| Expense Ratio: | 20.5 % |
Park-Owned Homes
| Number of Park-owned Homes: | 12 |
| Average Rent for Park-owned Homes: | $250 |
