Norton Trailer & RV Park | 309 W Holme St
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Norton Trailer & RV Park 309 W Holme St
18 Unit Mobile Home Park £286,310 (£15,906/Unit) 13.15% Net Initial Yield 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 | £286,310 | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | £15,906 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.25 AC |
| Net Initial Yield | 13.15% | Building Size | 97,921 SF |
| Sale Conditions | 1031 Exchange | Number of Floors | 1 |
| No. Units | 18 | Year Built | 2024 |
| Property Type | Residential | Opportunity Zone |
Yes
|
| Price | £286,310 |
| Price Per Unit | £15,906 |
| Sale Type | Investment |
| Net Initial Yield | 13.15% |
| Sale Conditions | 1031 Exchange |
| No. Units | 18 |
| Property Type | Residential |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 2.25 AC |
| Building Size | 97,921 SF |
| Number of Floors | 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 | £804 |
| Land Assessment | £4,428 | Total Assessment | £5,232 |
PROPERTY TAXES
Parcel Number
088-34-0-10-07-030.00-0
Land Assessment
£4,428
Improvements Assessment
£804
Total Assessment
£5,232
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Andrew Schrum -
eXp Realty
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Norton Trailer & RV Park | 309 W Holme St
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