Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 9.0%
- Listing ID: 642876
- Posted On: Mar 10, 2016
- Updated On: Dec 5, 2023
Description
Strong recent improvements to the physical elements of the property, the tenant mix, and the property's reputation. Current owners have grown occupancy from 27.7% to 50.5%. Plenty of upside left by adding homes or increasing the RV occupancy. Please complete the C.A. for details on the property and recommended commercial banks for financing this transaction.
Location
Located in Hutchinson, Kansas. Hutchinson is a city of over 40,000 people, located just 45 minutes west of Wichita, Kansas. The area features a diverse employment base, including a regional medical center and a large community college campus.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 97 |
| Total Occupancy: | 50.5 % |
| Average MH Lot Rent: | $235 |
| Size: | 8 acre(s) |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
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