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2112 Quincy Street - Whispering Pines, Pittsburg, KS

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2112 Quincy Street - Whispering Pines

Pittsburg, KS 66762-6805

Property Type:Multi-Family Number of Units:132 Status:Existing Year Built:-
Stories:- Building Size:2,000 SF Land Area:12 AC (522,720 SF)
For Sale Price:$495,000 Price/Unit:$3,750.00 Cap Rate:- GRM:-

Portfolio:This property is for sale (for $4,530,000) as part of a portfolio of 3 properties.

Sale Notes:
113 spaces of which 43 occupied
19 park owned homes all single wide, 13 occupied
5 spaces will accept RV’s all have 50 amp service
12 totals acres +/- of which all is developed
Lot sizes 35 x 80
Amperage 100 to 200
Zoned, no zoning out side of city limits
Roads are asphalt (repaved 2006)
Small portion of park is within the 100 year flood zone
Park office on site
On site management (same manager for last 9-years)
Water is rural it is sub-metered, tenant paid, lines are PVC
Sewer is activated sludge, age is 40 to 45 years, test are required, system can handle 113
lots, there is a licensed operator the operators fee is $400.00 per month, tenant pays an
average of $30.00 per month
Electric is city it is sub-metered, tenant paid
Gas is city it is sub-metered, tenant paid
Average lot rent $190.00
Average home rent $350-$450
Other income tenant pays an average of $15.00 per month for trash & water
Most recent lot rent increase $10.00 January 2014
Discount for senior citizens is 10%
Recent Appraisal 2007
Seller financing available 5% of purchase price 2nd Deed of Trust
1st Deed of Trust is not assumable

RE/MAX Truman Lake
Chuck Gray
(660) 885-2201

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