For Sale
$2,060,000

2112 Quincy St Radley, KS 66762

Kansas Mobile Home Park, High Growth Potential

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
131
Exceptional investment opportunity in Pittsburg, Kansas, presents a 110-site mobile home park, currently at 45% occupancy. The property boasts 110 pads, each with a building, situated on 12.6 acres of land (APN: 197-25-0-00-04-040.00-0). Currently, 50 sites are occupied, providing immediate income, while 20 vacant park-owned homes are ready for immediate lease-up, significantly increasing the property's potential. The park's current NOI is $15,166, with a pro-forma NOI of $238,144, reflecting a substantial upside. The asking price is $2,060,000, representing a price per pad of $18,727.27. The property is zoned residential and offers fee simple ownership. This lease-up opportunity presents a strong return on investment with a pro-forma cap rate of 11.56%, significantly higher than the current 0.74% cap rate. The property's location in the stable community of Pittsburg, Kansas, further enhances its investment appeal. This is a rare chance to acquire a well-positioned mobile home park with significant growth potential.

Highlights

  • 110-site mobile home park with 50 occupied sites, offering significant lease-up potential.
  • 46 park-owned homes, 20 vacant and ready for immediate lease-up.
  • Strategically located in Pittsburg, Kansas, providing a stable investment opportunity.

Property Details for 2112 Quincy St

Property type
Mobile home & RV parks
Buildings
110
Stories
1
Lot Size (sq. ft)
548,856 SF
Units
110

Location Insight

City
Radley
County
Crawford
State
Kansas
Latitude
37.3984027
Longitude
-94.7397184

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FAQs

What type of property is this?
Mobile home & RV park - Kansas Mobile Home Park, High Growth Potential
Where is the mobile home & rv park located?
The property is located at 2112 Quincy St Radley, KS.
What is the asking price?
The asking price for this property is $2,060,000.
What are key features of this property?
This property features: 110-site mobile home park with 50 occupied sites, offering significant lease-up potential.; 46 park-owned homes, 20 vacant and ready for immediate lease-up.; Strategically located in Pittsburg, Kansas, providing a stable investment opportunity.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts

Scott Schoettlin
Scott Schoettlin
Don Vedeen
Don Vedeen
Visit Broker Website

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Useful Information

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Quincy St
Radley, KS 66762

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Quincy St
Radley, KS 66762

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

2112 Quincy St
  • Scott Schoettlin
    Scott Schoettlin
  • Don Vedeen
    Don Vedeen
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