64-Space MHC - Desirable Metro - Upside in Rents & Occupancy
64-Space MHC in Desirable Metro - Upside in Rents and Occupancy
Marketing description
Offered for sale is a 64-space manufactured housing community located in South Hutchinson, Kansas. The property sits on 6.05 acres across two parcels and operates on all public utilities, with all paid by tenants. Current occupancy stands at 42.2%, presenting a significant value-add opportunity through infill of 35 vacant spaces.
South Hutchinson is an independent municipality directly adjacent to the City of Hutchinson, the Reno County seat and the anchor of a 60,000+ population micropolitan area. Residents have immediate access to a large and diversified employment base. Evergy has announced a planned $2+ billion, 705-megawatt power generating station approximately 3 miles from the property, with construction expected to begin in 2027.
Local Employers:
Hutchinson Regional Medical Center
Hutchinson Community College
Hutchinson Correctional
Tyson Foods
Cargill
Collins Bus
Khun Krause
ADM
Arconic
Siemens
Dillons/Kroger
Evergy
Investment highlights
Significant Infill Upside - 35 vacant spaces offer the potential to more than double current revenue
Below-Market Rents - Current lot rents of $265 - $305 versus market comps as high as $525
All Public Utilities / Billed-Back - Water, sewer, and trash billed back; electric and gas on individual meters
Stable, Diversified Employment Market - Healthcare, manufacturing, corrections, education, and agriculture anchor the local economy
Local Construction Demand - Planned Evergy power plant will generate ~500 construction jobs beginning 2027, supporting near-term housing demand
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