Contact Information
Jason Bergan
License: S65228000
Mobile Home Park Details
- Price: $325,000
- Purchase Method: Cash, New Loan
- Listing ID: 6912100
- Posted On: Jun 5, 2025
- Updated On: Jun 5, 2025
Description
Sunflower Place MHP and RV offers new ownership a cash flowing community with significant upside through raising rental rates and infilling the property over time. The community is served by public utilities with the owner currently paying for water and trash, as well as paying for electric for several units. New ownership could immediately cut operating costs by requiring tenants to pay their own electric, and billing back water and trash services.
Lot rent is currently set at $300 per month, and park owned homes averaging only $250 above lot rent. New ownership could raise lot rents slightly, and could also raise park owned home rents to an average of 400 above lot rent, or sell the park owned homes on rent to own contracts.
Currently there are two tenant owned homes on site paying $525 and $600. Lot rent for park owned homes is assigned at $300 per month. This gives new ownership the ability to standardize lot rent at a higher rate for new tenant owned homes.
The community features 37 usable lots, with only 6 homes currently on site. New ownership would have the ability to significantly increase occupancy by infilling vacant lots or advertising the RV spaces. Further expansion may also be possible, as the property was originally set up for 47 lots.
Location
Belleville is the county seat of Republic County Kansas and has a population of 2,000 residents.
Local Employers in the are include Walmart, Cloud Community College, Cloud County Health Center, as well as several large and mid size manufacturing and agricultural industry employers.
Belleville is located 20 minutes north of Concordia Kansas which is an employment center in the area.
Concordia is home to Cloud County Community College, as well as several large chain retail stores, health providers, and manufacturing jobs.
Park Information
Community Type: | All Age |
Number of MH Lots: | 37 |
Total Occupancy: | 15.0 % |
Average MH Lot Rent: | $560 |
Size: | 7 acre(s) |
Financial Information (Actual)
Gross Income: | $39,480 |
Operating Expense: | $17,892 |
Net Operating Income: | $21,588 |
Expense Ratio: | 45.3 % |
Lot Information
Singlewide Lots: | 35 |
Doublewide Lots: | 2 |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | City |
Park-Owned Homes
Number of Park-owned Homes: | 3 |
Average Rent for Park-owned Homes: | $550 |