Mobile Home Park Details

  • Purchase Method: Cash
  • Property ID: 993027
  • Posted On: Sep 26, 2018
  • Updated On: Sep 13, 2019

Property Description

80 MH Spaces ~ 40% Occupied. 49 Total Vacancies. 6 Park-Owned Homes + 1 Abandoned Tenant-Owned Home; only 3 POH are Occupied. Lot Rent is $130; POH Rent is ~$325. All-Ages community over 7.3 acres + additional 6.6 acres of vacant land (expandable) totals 13.92 acres!

Onsite Managers are provided housing & utilities in the frame house and $450.00 per month for grounds keeping. Lot rent has not been increased for two years; owners are just now raising rent on Park Owned as they become occupied with new tenants. Owners have sold most of the park-owned homes on contract and evicted all non-paying tenants; park is a good community and trouble-free!

Water/Sewer, Electric & Trash are all serviced privately and included in the rent - Bill-Back Upside!

Seller Will Consider Financing with Reasonable Terms.

Listed By: JDS Real Estate Services, INC.

Location

El Dorado Springs is a self-contained, self-supporting, bedroom community approximately 100 miles south of Kansas City, Missouri. The city maintains a aggressive approach to Economic Development opportunities, involving not only bringing new companies and businesses to town, but also helping existing businesses expand. In fact, just over eighty percent (80%) of all new jobs come from expansion of existing businesses! The City also has the ability to issue special bond financing with tax benefits.

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Park Information

Community Type: All Age
Number of MH Lots: 80
Total Occupancy: 40.0 %
Year Built: 1950
Average MH Lot Rent: $130
Size: 7.3 acre(s)

Utility Information

Water: Well
Water Paid By: Park
Sewer: Treatment Plant

Park-Owned Homes

Number of Park-owned Homes: 6
Average Rent for Park-owned Homes: $325

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