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St. George Mobile Home Park
702 Elm Street, Saint George, KS 66535
Last Verified 5/5/2009
Listing ID 15067427
Highlights
Positive Cash Flow- Add More Tenants - Add More Cash Flow
- Exploding Area - PDP Approved
- Adjacent to Growth
- All City Services
- Good Investment Property
Description
The mobile home park was purchased in March 2005; Owners hold 59 acres, including the 27 acres offered here. An approved eleven-acre, 32 duplex lot subdivision, is adjacent to this property, and homes are under construction. This mobile home park property is prime for future development. The City of St. George has approved a multi-use preliminary development plan for this property.
As a stand-alone business, there are 72 readily approved mobile home lots, e serviced by all city utilities. There are currently 38 occupied lots - 2 paying $175 per month and 36 paying $150 per month for lot rent. No park owned mobile homes exist. This property has seen tremendous clean up and improvement in the last 24 months. A competent hands-on maintenance man and rent collector is in place, and could continue to work as on-site manager for you. A 200' x 50' out-building is included, along with several large pieces of equipment.
Operate and expand a profitable mobile home park business, or develop the ground in a growing area.
St. George, Kansas is located five miles east of Manhattan, KS, home of Kansas State University, and the adjacent United States Army facility, Fort Riley. The return of The Big Red One, is bringing tens of thousands of people to this area over the next eight years. The City has been tremendously proactive in attracting development. This property itself rests geographically at the top of the City' s highest point, overlooking the Kansas River. With thousands of soldiers and ancillary people seeking affordable housing in this area, mobile home parks are an easy outlet for their needs. Construction on thirty two new duplexes is scheduled for summer 2007 on an eleven acre site adjacent to this property.
Owner is a licensed real estate Broker in the State of Kansas.
Map of 702 Elm Street, Saint George, KS 66535 (Pottawatomie County)
Created 3/29/2007
Additional Information for 702 Elm Street, Saint George, KS 66535
- Active For Sale - 0 Listing
- Active For Lease - 0 Listing
- Previously Listed - 1 Historic Listing
- Sales Comparables Available - 0 RecentSales Record
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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.