Ponderosa RV Park
28 Unit Long-Term RV Park | Opportunity for expansion | Entry CoC Returns 10%
Marketing description
TO VIEW FINANCIALS, CLICK **VIEW OM” OR “SEE DUE DILIGENCE”, SIGN THE CONFIDENTIALITY AGREEMENT, AND YOU WILL HAVE IMMEDIATE ACCESS”. CONTACT JAMARI RIDORE WITH ANY QUESTIONS [email protected]
The MHP Value Team is pleased to offer for sale Ponderosa RV Park, a 28-site long-term RV community located in Haysville Kansas, a growing suburb within the Wichita MSA.
The property is comprised entirely of one single-family home and 22 long-term RV tenants, benefiting from strong occupancy, consistent collections, and stable cash flow. Current rents average $425 per month, providing affordable housing to residents while generating reliable income for ownership. The community is serviced by city water and private septic sewer and has received recent improvements
including electrical and asphalt upgrades along with tree removal and added laundry machines.
The investment strategy for Ponderosa RV Park is straightforward: maintain the strong occupancy and collections already in place while implementing gradual rent increases over time. The Wichita MSA continues to experience strong demand for affordable housing driven by a diverse employment base and rising apartment rents, creating favorable fundamentals for long-term RV communities. Based on adjusted expenses, the property generates $74,427 in Net Operating Income, offering investors a strong in-place COC return of 10% and attractive going-in cap rate of 9%. This is an opportunity to acquire a stabilized, cash-flowing RV park with limited management requirements and immediate income from day one.
Important Note to Prospective Buyers from Pace Morby: Congrats to all new members of the Pace Morby “Creative Finance” and “Subto” communities. We appreciate your interest and enthusiasm. Please note that we work exclusively with qualified, verified buyers. Our clients are not seeking first-time purchasers attempting to acquire mobile home parks with no capital investment. We will also not share proprietary Seller information with any intermediaries, including, but not limited to, scouts, “bird dogs,” or third parties.
Investment highlights
- Stabilized long-term tenant base with a consistent collections history
- Strong In-Place NOI of ~$74,427 with 10% entry CoC Returns offered at a 9% cap rate
- Located Within the Wichita MSA with median home prices of $172k and a growing population of ~$394k residents
- Recent Cap-Ex improvements which include Asphalt & Electrical repairs along with tree removal, added wifi, and laundry machines
- Immediate Value-Add Through Rent Adjustments; market data supports $475-$550/M rents
- Opportunity for 5 additional sites. 3 have existing infrastructure and 2 would need to add E/W/S
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