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Mobile Home Park Details

Purchase Method: Cash, New Loan
Listing ID: 1131586
Posted On: Sep 9, 2019
Updated On: Mar 9, 2020

Description

*** Please read all info before contacting owner, serious inquiries only please***

-32 occupied lots (29 occupied homes, 3 homes need rehab)
Ammenities include new sign (2018), newly resurfaced roads (2016), and playground on proprety.
-The utilities are ALL direct billed to tenants, even trash, very rare setup! Income and expenses very stable (see P&L below).
-A total of 12 brand new Clayton Manufactured Homes were brought in and set up between 2016 and 2018 (11 of 12 are owned by the park through the CASH Program for more info see https://www.21stmortgage.com/web/21stSite.nsf/broker-info.html ).
-Lots of upside available on this property including raising lot rent (last lot rent increase prior to 2015), raising home rents (majority of homes are leased at $75+/mo below market rate), offering tenants to purchase Clayton homes through the CASH program, bringing in new homes, and also opportunity for expansion in unused area of property.
-Manager is very reliable, hard working, knowledgable, organized and currently lives off site, but in town.

Location

Sunset 77 Mobile home park for sale in Doglass, KS, with easy access to highway 77 its only 35 minute drive to Wichita. Bedroom community to Augusta, Derby, and Winfield.
-Wichita, Kansas is home to nearly 350,000 people and is a manufacturing hub for aircraft companies, as well as healthcare and other industries.
-In Douglass, current employers are Caseys General Store, Pizza Hut, the 3 public schools (elementary, middle, and high school) Historical Museum and Community building are located not far from Sunset 77.
This all age community is located across the street from Douglass High School, in a very safe area. School bus stops within park.

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