Stadium RV Park
Stadium RV Park
Stadium RV Park

Mobile Home Park Details

  • Purchase Method: Seller Financing, New Loan
  • Cap Rate: 9.9%
  • Listing ID: 18052
  • Posted On: Nov 9, 2010
  • Updated On: Jan 5, 2011

Description

Exclusively Offered by:
Stephen Maulden
Regional Manager
Marcus & Millichap
120 S. Central Avenue, Suite 1100
St. Louis, MO 63105
Tel: 314 889-2500
Fax: 314 889-2510

You may also contact Nicholas Ling at 512-338-7800 for more info.

Property: This investment consists of 58 RV sites and it is located in the
heart of Independence, Missouri. The park is well maintained and has
well manicured landscaping and fully paved sites. All of the sites are
back-in except for one pull-thru. Each space has water, sewer and 50
amp/110 volt electric readily available. Laundry and bathroom
facilities with showers are also on premise in additon to the Bamboo
Hut restaurant at the front of the property. Site rents are $25 per night,
$150 per week, and $300 per month. Monthly tenants must pay for their
electricity separately. Pets are allowed as long as they are kept on leash
or in the RVs. Repeat campers are very common for this property and
there are usually about a dozen longer-stay tenants on site at any time.
Condition: This property is in good condition.

Price: This investment is priced at near a 10 cap and has been consistent
in it's returns for years. The offering also has the possiblity of owner
financing depending on the borrower's credentials and the amount put
down. A minimum of 20 percent down will be required for owner
financing.

Location

Location: The park is located within one mile of Arrowhead Stadium
which is the home of the Chiefs, Royals and countless concerts. Casinos and the Truman Home and Library are also close by. Many camper enjoy staying because of the park's proximity to shopping and
entertainment and the friendly husband and wife team that have been
the on duty managers for five years. It's urban setting allows for quick
and easy access to all the amenities of today's world.

Amenities

  • Laundromat
Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Size: 3 acre(s)

Financial Information (Actual)

Gross Income: $149,848
Operating Expense: $62,908
Net Operating Income: $86,940
Expense Ratio: 42.0 %

RV Information

Number of RV Lots: 58
Average RV Lot Rent: $300

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

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