RV Park/Campground Details

Purchase Method: Cash, New Loan
Cap Rate: 9.0%
Listing ID: 552032
Posted On: Aug 6, 2015
Updated On: Nov 2, 2015

Description

For sale is the Applewood Meadows Mobile Home and RV Park, located in Hutchinson, Kansas. The property is clean, well-managed and stabilizing. Occupancy has increased under this ownership, from 27% in 2012 to 43%. Applewood is positioned to offer attractive affordable housing options - both long-term to mobile home tenants and short-term to the RV tenants, most of whom are monthly clientele.

Click the flyer for more details. For financials, rent roll, and the detailed marketing package, please download and complete the confidentiality agreement attached to this listing.

Location

Hutchinson is home to more than 40,000 people. While it is large enough to stand on its own, it is only a 45-minute drive from Wichita, Kansas. Hutchinson has a diverse employment base, including Promise Regional Medical Center, Dillon Companies, Tyson Foods, Hutchinson Community College, and the Hutchinson Correctional Facility.