Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Listing ID: 3529484
  • Posted On: Aug 16, 2023
  • Updated On: Apr 9, 2024

Description

Riley & Fair Lane MHP is comprised of 19 spaces across two communities located a few blocks from one another. The communities benefit from their location within Manhattan, KS near major commercial corridors and employers. Both Riley & Fair Lane are serviced by all public utilities. The median lot rent is $300, which is $150 below the current market in Manhattan creating large upside through rental raise for new ownership. Additionally, sub metering is in place for water and sewer, however, ownership has not been reading meters and billing back tenants for usage creating immediate income upside for new ownership.

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Park Information

Community Type: All Age
Number of MH Lots: 19
Total Occupancy: 94.7 %
Average MH Lot Rent: $300
Size: 1 acre(s)

Lot Information

Singlewide Lots: 19

Utility Information

Water: City
Water Paid By: Park
Sewer: City

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