Earlier this month we acquired the Cherrywoods Manufactured Home Community in the Kansas City metro area. The Property is a 45-pad, four-star, all-age community situated on 6 acres in Ottawa, Kansas. The seller developed the property in 1998.
This was a rare opportunity to acquire a relatively newly developed mobile home park, with impeccable infrastructure, direct-billed utilities, and significant upside in a growing metro area. Our vision for the next 24 months is to build Cherrywoods into the premier affordable housing option for families on a budget in Ottawa.
- 45 pad mobile home park located in the Kansas City MSA
- City Water / City Sewer - direct billed to residents
- Attractive seller financing
- Stellar infrastructure - newly built park
- Value add opportunity - 71% occupied