2649 US Highway 169 - Manufactured Housing/Mobile Housing FOR SALE


Liberty, KS 67351
$1,095,000 USD
405-414-9803
2649 US Highway 169, Liberty, KS for Sale
$1,095,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/9
null | 15.29% Cap Rate

2649 US Highway 169
Liberty, KS 67351


HIGHLIGHTS

  • $8,295/SITE
  • .833 X GROSS SCHEDULED RENTS (LESS THAN ONE!!!)
  • 15.3% CAP (5 MO 2024 ANNUALIZED)
  • 34 2011 CABINS VALUED AT $750,000
  • $2,613/SITE AFTER CABINS VALUATION
  • NEARBY POTENTIAL PLANT CONSTRUCTION ($300M & $900M)10 MILES FROM PARK FROM 2025-2027 COULD KEEP PARK FULL

OVERVIEW

NEW LISTING AUG 2024 AND MAJOR PRICE REDUCTION OF $300,000 (22%) ON OCT 31!!! NEW SALES PKG NOT YET REVISED. Junction West Coffeyville KS is a workforce housing park built in 2011, with 132 sites, which includes 99 RV lots and 34 cabins (dupexes, fourplexes, cottage cabins, mobile homes)on 21.3 acres. $1,095,000, $8,295/site includes the 2011 cabins which are valued at $216,613/site after cabin valuation. 50,000. Sales price is 33% of replacement value. 15.3% cap (5 mo 2024 annualized). THE GROSS SCHEDULED RENTS ARE .833x THE ASKING PRICE (LESS THAN ONE!!!) !! Owner is selling this park and a similar 116 site workforce housing park, Junction West Ponca City OK, 116 sites, $795,000. (see Loopnet). Sale is seperate or as a portfolio. The Coffeyville park is located 10 minutes from of the 132,000 BPD Coffeyville Resources Oil Refinery and derives the majority of its tenants from outside maintenance crews that do periodic major/minor "turns" to maintain the refinery, typically for a period of 3 months. Tenancy is also currently provided through the construction of the Bartlett Soybean Crushing Plant located 10 miles north on Hwy 169. This construction should be completed by year end 2024 but it could begin construction to expand the plant, doubling the capacity. Additionally, Azure Sustainable Fuels Corp., a Calagry, Canadian company has annopunced potential plans to build a $900M SAF (Sustainable Aviation Fuel) plant, adjacent to the Soybena Crushing Plant. Construction on this plant is anticipated to take from 2025-2027. Either or both of these plants should keep Junction West Coffeyville full for many years. In addition to these plants, the refinery, wind farms, bridge construction, road crews and various oil/gas operations also can provide some tenants.. The park provides a storm shelter, WIFI, cable TV, restrooms, housekeeping, furnishings, bedding, walk in shower, mictrowave, cookware/utensils, laundry facilities, security cameras, dog parks, childrens play area and firepits. The cabins are 2011 models. RV sites are 30/50 amp, 45 x 90' pull thru, grass/gravel with park showers and bathrooms. The park pays all utilities, city water and sewer. Coffeyville population is 8,690 with the county at 31,486. The park is 90 miles from the Junction West Ponca City OK park (Loopnet) and within 80-100 miles of 3 major metropolitan areas: Oklahoma City, OK-pop. 1,450,000, Tulsa, OK-pop. $1,000,000 and Wichita, the largest city in Kansas, pop. 650,000. Motivated seller-bring all offers.

FOR SALE DETAILS

PRICE

$1,095,000 USD

PRICE/SF

$365 USD /SF

# OF UNITS

133

PRICE/UNIT

$8,233

CAP RATE

15.29%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Junction West Coffeyville MH/RV Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

PARKING SPACES

-

LAND DETAILS

LAND ACRES

21.3 AC

LAND SF

927,828 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Keith WilsonKeith Wilson Co.More Info
405-414-9803

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Keith WilsonKeith Wilson Co.More Info
405-414-9803

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.