UpTown Park MHP
Nickerson, KS
Asking price
$159,000
Sites
6
Cap rate
10.20%
Price / site
$26,500
About this property
Description Uptown Park is a 6-lot manufactured housing community that also includes a one-bedroom single-family home, creating a diversified income. The single family home has been remodeled, providing a low-maintenance asset for new ownership. Current lot rent is $200 per month, with water, sewer, trash service, and common area mowing included. This presents a clear value-add opportunity for new ownership to increase rents toward market rates over time while implementing utility bill-backs to tenants, reducing operating expenses and improving net operating income. The park-owned home currently generates an additional $270 per month above lot rent. The single-family home is currently leased for $520 per month, slightly below market rent, providing another opportunity to increase revenue through future rent adjustments. With below-market rents, utility reimbursement potential, and multiple avenues for income growth, Up Town Park offers investors an attractive value-add opportunity with stable in-place cash flow and long-term upside. Below Market Rents Park-owned Home income above lot rent: $270 Single-family home income: $520 Utility recapture potential Remodeled Single Family Home Well maintained park-owned homes 55+ current tenant base
All details
| Asking price | $159,000 |
|---|---|
| Sites | 6 |
| Price per site | $26,500 |
| Cap rate | 10.20% |
| Address | 5 Cheney Street |
| First seen | Sep 6, 2026 |
| Last verified | Sep 7, 2026 |
