Mobile Home Park Details
- Purchase Method: Cash
- Listing ID: 1584692
- Posted On: Jan 12, 2022
- Updated On: Jan 7, 2023
Description
Lot Rent Increased! Price reduced again! Bring your offers!
For sale is a turn-key investment opportunity. Completely hands-off with local Property Manager who has been running the park for years. Or manage yourself for even better returns! Many long term tenants and great demand whenever there is a vacancy. Recent renovations and large investment in sub-metering water utilities. All utilities setup for sub metering to tenants. Mostly tenant-owned or rent-to-own homes. The few park-owned could be sold to tenants as well. Still room to raise rents and tune up as value-add! Contact seller/owner for more information. For sale by owner. No Brokers. Make an offer.
Location
Within city limits of Manhattan, KS with strong demand for affordable housing.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
Community Type: | All Age |
Number of MH Lots: | 19 |
Total Occupancy: | 100.0 % |
Average MH Lot Rent: | $300 |
Financial Information
Gross Income: | $82,000 |
Operating Expense: | $28,000 |
Net Operating Income: | $54,000 |
Expense Ratio: | 34.1 % |
Lot Information
Singlewide Lots: | 19 |
Utility Information
Water: | City |
Water Paid By: | Tenant - Submetered |
Sewer: | City |
Park-Owned Homes
Number of Park-owned Homes: | 5 |
Average Rent for Park-owned Homes: | $415 |