This property consists of 44 pads (23 RV sites and 21 Mobile Home sites) located in South Hutchinson, KS. This property offers new ownership a large amount of upside through lot rent increases and infill across the portfolio.

Current ownership has upgraded most of the 23 RV sites within the last several years, including nearly $10,000 in plumbing and electrical improvements. All RV lots are set up with 30/50 amp electrical service, water, and sewer. Currently the owners have 6 RV lots under construction.

This property offers new ownership several options to enhance the performance of the asset and to quickly force appreciation. Currently the owners are not billing back utilities to their RV park tenants, aside from a small bill back on electric.

Lot rents have also not been raised in several years, and current rate averages are $30-$50 below market. Increasing lot rents and billing back utilities would significantly decrease the property expense ratios while raising NOI in the short term.

Currently the property is operating at roughly 50% occupancy, and a large amount of upside exists in infilling the property. Based on occupancy in similar properties in the area, there is a strong demand for affordable housing in South Hutchinson.

Property being sold as-is.