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Address is 12817 E. 47th Street S Independence, MO 64055

Kris Wessel

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Midwest Mobile Home Community

Multi Family Housing for Sale in Independence, Missouri

12817 E. 47th Street S
Independence, MO 64055

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Mobile Home Park for Sale

Number of MH Lots: 120
Size: 14.4 acre(s)
Cap Rate: 8.0%
Purchase Method: Cash, New Loan
Status: Sold
Property ID: 865183
Posted on: Oct 05, 2017
Updated on: Mar 09, 2018

Property Description

120-Space community at 70% occupancy in the heart of the Kansas City metro area. There are just 14 total park owned homes included with the sale. Offered at an 8.0% cap rate on current income, plus cost of the POH inventory.

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Location Description

Appealing location on an arterial roadway, just 1-mile away from Wal-Mart Super Center and the I-70 exit. Kansas City has a diverse and growing economy.

Park Information

Number of MH Lots:120
Total Occupancy:70.0%
Average MH Lot Rent: $325
Size:14.4 acre(s)

Utility Information

Water Paid By: Tenant - Submetered

Park-Owned Homes

Number of Park-owned Homes:14

Amenities and Other

Pool: Yes