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Norton Trailer & RV Park 309 W Holme St 18 Unit Mobile Home Park $365,000 ($20,278/Unit) 13.15% Cap Rate Norton, KS 67654
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
| Price | $365,000 | Building Class | C |
| Price Per Unit | $20,278 | Lot Size | 2.25 AC |
| Sale Type | Investment | Building Size | 17,000 SF |
| Cap Rate | 13.15% | Average Occupancy | 83% |
| Sale Condition | 1031 Exchange | No. Stories | 1 |
| No. Units | 18 | Year Built | 2024 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Manufactured Housing/Mobile Home |
| Price | $365,000 |
| Price Per Unit | $20,278 |
| Sale Type | Investment |
| Cap Rate | 13.15% |
| Sale Condition | 1031 Exchange |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 2.25 AC |
| Building Size | 17,000 SF |
| Average Occupancy | 83% |
| No. Stories | 1 |
| Year Built | 2024 |
| Opportunity Zone |
Yes |
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PROPERTY TAXES
| Parcel Number | 088-34-0-10-07-030.00-0 | Improvements Assessment | $997 |
| Land Assessment | $5,755 | Total Assessment | $6,752 |
PROPERTY TAXES
Parcel Number
088-34-0-10-07-030.00-0
Land Assessment
$5,755
Improvements Assessment
$997
Total Assessment
$6,752
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Norton Trailer & RV Park | 309 W Holme St
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