Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.2%
- Listing ID: 411225
- Posted On: Oct 21, 2013
- Updated On: Dec 5, 2023
Description
Package of four MHP's in Liberal, Kansas (336 Spaces). Seller has made recent improvements to signage, fencing, and water line repairs, plus they've implemented a lot rent increase to $300 per month for all tenants. No park-owned homes here - just lot rent. Overall occupancy is 87.5%. Please complete the confidentiality agreement to get the financials and our marketing package.
Location
Liberal shows very strong market conditions for affordable housing. I drove the other three large MHP's in Liberal (October 2013) and found two of them to be completely full - no vacant pads. The third property had only three vacant sites.
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Park Information
Community Type: | All Age |
Number of MH Lots: | 336 |
Total Occupancy: | 87.5 % |
Average MH Lot Rent: | $300 |
Size: | 54 acre(s) |
RV Information
Number of RV Lots: | 0 |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | City |