2112 Quincy St Pittsburg, KS 66762

Exceptional investment opportunity in Pittsburg, Kansas, presents a 110-site mobile home park, currently at 45% occupancy. The property boasts 110 pads, each with a building, situated on 12.6 acres of land (APN: 197-25-0-00-04-040.00-0). Currently, 50 sites are occupied, providing immediate income, while 20 vacant park-owned homes are ready for immediate lease-up, significantly increasing the property's potential. The park's current NOI is $15,166, with a pro-forma NOI of $238,144, reflecting a substantial upside. The asking price is $2,060,000, representing a price per pad of $18,727.27. The property is zoned residential and offers fee simple ownership. This lease-up opportunity presents a strong return on investment with a pro-forma cap rate of 11.56%, significantly higher than the current 0.74% cap rate. The property's location in the stable community of Pittsburg, Kansas, further enhances its investment appeal. This is a rare chance to acquire a well-positioned mobile home park with significant growth potential.