Property Photo
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 12.1%
- Listing ID: 113112
- Posted On: Jan 10, 2012
- Updated On: Dec 5, 2023
Description
12-Lot mobile home park in Newton, KS. The sale includes all 12 park-owned homes. The long term property manager is willing to stay with the property after the sale. Monthly rents range from $325 - $400 and include lot rent. Owner pays water and trash. Please call or email for further information.
Location
Located just west of Main Street and Old Highway 81 in Newton. The property is across the street from Northridge Elementary School.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 12 |
| Total Occupancy: | 91.0 % |
| Average MH Lot Rent: | $350 |
| Size: | 1 acre(s) |
Financial Information (Pro Forma)
| Net Operating Income: | $18,167 |
Lot Information
| Singlewide Lots: | 12 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 12 |
| Average Rent for Park-owned Homes: | $350 |
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