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Mobile Home Park Details

  • Price: Call for Price
  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.3%
  • Listing ID: 6734309
  • Posted On: Sep 23, 2024
  • Updated On: Oct 1, 2024

Description

Attractive and well-managed RV park located in Wichita, Kansas. The property features all public utilities. This location is centralized to many of Wichita’s employment centers, so it boasts a substantial history of strong demand and dependable revenue, throughout the current owner’s holding period. The tenant base is primarily extended stay, and the property features an on-site laundry and WIFI system. Finally, this RV community is located adjacent to a QT (QuikTrip) convenience store, which provides campers an excellent offering of food, fuel and beverages. It serves as a great amenity that the park does not have to staff or maintain. Recently, the property has diversified its offerings with furnished short-term rental units - tiny houses. The interiors of their STR’s are incredibly well-decorated and smartly appointed, resulting in attractive revenues and occupancies from that business component.

Location

Highly visible on both K-15 Hwy and on 31st Street S, with close proximity to Interstate 135 (I-135). Located in the Wichita Metro (645K Metro Population). Limited supply of RV parks in this area with high occupancies across the entire market.

Amenities

  • Laundromat
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Park Information

Community Type: All Age
Total Occupancy: 98.5 %
Average MH Lot Rent: $430
Size: 6 acre(s)

Utility Information

Water: City
Water Paid By: Park
Sewer: City

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