Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 9.2%
- Listing ID: 2224361
- Posted On: Mar 24, 2023
- Updated On: Sep 19, 2023
Description
This property features 30 pads of which 13 are occupied. Lot rent was recently raised to $225 which is still well below the market rent in the area.
This property offers a new owner the opportunity to infill the property and raise lot rents to market over time.
This property can be purchased individually, or with one to two other parks located in KS. Contact Broker for additional details.
The owner will sell the three park portfolio with the below seller financing terms
Price: $750,000
Down Payment: $187,500 (25%)
5% Interest
20 Year Amortization
Short term balloon
Location
Nickerson, KS is located outside of Hutchinson, KS which is just
outside of the Wichita, KS Metro. The property offers a more
affordable option for tenants, while offering an easy commute to
larger employment centers in Wichita and Hutchinson.
Park Information
| Number of MH Lots: | 30 |
| Total Occupancy: | 43.0 % |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
