Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 6.0%
- Listing ID: 1381537
- Posted On: Jan 19, 2021
- Updated On: May 10, 2021
Description
Lovely treed and grass 4.7 acres within the City of Parsons, Kansas, zoned for mobile home park. Twelve occupied homes. Two unoccupied homes on lots and one lot available. Sale includes a 3 bdrm, 2 bath, 1280 sf 2001 Sunshine moble home which will generate additional income as a rental or rent-to-own property. Manager will move into tone of the unoccupied homes.
All lot are good size; many would accommodate double or triple home. There is ample space to develop at least 5 more lots without crouding anyone.
Location
Quite location at the end of Mosher Road on the west side of Parsons.
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Park Information
Community Type: | All Age |
Number of MH Lots: | 14 |
Total Occupancy: | 86.0 % |
Year Built: | 198991 |
Average MH Lot Rent: | $180 |
Size: | 5 acre(s) |
Financial Information (Actual)
Gross Income: | $28,218 |
Operating Expense: | $20,214 |
Net Operating Income: | $8,004 |
Expense Ratio: | 71.6 % |
Debt Info: | Property is free and clear. |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | City |