Contact Information
Norris Laffitte
Mobile Home Park Details
- Price: $1,275,000
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 8.5% (Actual)
- Listing ID: 6997657
- Posted On: Dec 12, 2025
- Updated On: Feb 2, 2026
Description
32 pad mobile home park.
Pads are offered at $1,275,000, or a 8.5% cap on forward looking NOI.
Home portfolio is offered at $480k, or a 31% unlevered IRR on scheduled cash flows.
Combined package offered at $1.75M, an 11.3% cap on T12 NOI.
+/- 5 net developable acres on property.
Location
Emporia KS. 24,000 population on I-35 at midpoint between Kansas City (pop. 2.2M) and Wichita, KS (pop. 661k).
Property Proximity:
- 4 miles from Flint Hills Technical College
- 4.5 miles from Emporia State University
- 4 miles from SE industrial center (Industrial Zone III: Simmons Pet Food, Hills Pet Nutrition, Norfolk Iron and Metal, Saunder Fabrication, Michelin)
- 7 miles from Walmart, Aldi, Hobby Lobby
Amenities
- Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 32 |
| Total Occupancy: | 78.0 % |
| Year Built: | 1968 |
| Average MH Lot Rent: | $375 |
| Size: | 14 acre(s) |
Financial Information (Actual)
| Gross Income: | $280,384 |
| Operating Expense: | $75,605 |
| Net Operating Income: | $204,783 |
| Expense Ratio: | 27.0 % |
| Debt Info: | New Loan |
Lot Information
| Singlewide Lots: | 29 |
| Doublewide Lots: | 3 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $375 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - RUBs |
| Sewer: | Treatment Plant |
