309 W Holme St - Manufactured Housing/Mobile Housing FOR SALE


Norton, KS 67654
$365,000 USD
855-414-1871
309 W Holme St, Norton, KS for Sale
$365,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/2
null | 13.15% Cap Rate

309 W Holme St
Norton, KS 67654


OVERVIEW

Fantastic opportunity to acquire this cash flow centric trailer and RV park at an unheard of ~13.2% pro-forma cap rate. This property is located in a high traffic area of small but vibrant Norton, KS. This trailer and RV park includes 12 owner-owned mobile homes, 10 of which are currently rented & one unowned trailer with lot rent. Additionally, the property has 5 RV pads that with some market could achieve better utilization, two owners’ garages & a tornado shelter for the community. This property has been owned and managed by the current owners for 10+ years, providing an excellent opportunity for an active investor to raise the rents or for a passive investor to sell the owner owned units for low maintenance lot rent. Price to sell at current pro-forma cap rate. Call or text Andrew Schrum (785) 874 - 8800 for more information. I am a licensed real estate agent in the state of KS with EXP Realty, LLC. Agent is related to the sellers. All information deemed reliable but not guaranteed. All information should be verified in due diligence.

FOR SALE DETAILS

PRICE

$365,000 USD

PRICE/SF

$4 USD /SF

# OF UNITS

18

PRICE/UNIT

$20,278

CAP RATE

13.15%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Norton Trailer & RV Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.25 AC

LAND SF

98,010 SF

ZONING

-

APN/PARCEL ID

088-34-0-10-07-030.00-0

ASK ABOUT THIS PROPERTY

Andrew SchrumeXp RealtyMore Info
855-414-1871

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Andrew SchrumeXp RealtyMore Info
855-414-1871

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