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  • Listing status icon

    $495,000

  • Active | MLS#: 75631
  • 12.00Acre

2112 W Quincy Pittsburg, KS 66762

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Overview

See attached Executive Summary: HUGE UP SIDE POTENTIAL IN THIS PARK. SELLING NO BLUE SKY. The park consists of 12.6 acres total. 113 spaces various lot sizes, 24-park owned homes, asphalt roads, city water , sewer is a Permitted Waste Treatment Facility located on site. 38-spaces are occupied of that 24-spaces occupied by park owned homes. Income units consist of 113 Lots and 24-homes for a total of 137 income producing units. Vacancy factors estimates used in this proforma: yr-1 72%, yr-2 69%, yr-3 60%, yr-4 50%, yr-5 and beyond 30%. 7.6% cap rate year one based on average income & expenses from 2011 to 2015. The vacancy rate reductions projected here are based on purchasing park owned homes or move-ins from other parks over a period of 5-years. This method is commonly used in this market area to create up side value. January 1, 2016 the park had a physical occupancy of 38-spaces. Mobiles had a physical occupancy for park owned mobiles of 24-units. A small portion of the property is in flood zone. This property is a Dept. of Natural Resources (DNR), Public Service Commission(PSC) approved Public Water System(PWS), the park is required to have an approved Water Operator. The current operator can remain in place to fulfill this obligation. By being a PWS the park operator is able to charge tenant for water and sewer at a markup and disconnect tenants from the water for lack of payment. Pittsburg KS is located in Crawford County. Pittsburg Kansas & Joplin MO serve as a metropolitan center for four states according to the local Chamber of Commerce and encompasses more than 5,000 sq. miles and two metro population of about 400,000 within a 60-mile radius. There are 4-colleces & 3-universites within a 60-mile radius of Pittsburg KS. Pittsburg population 20,000 and home of Pittsburg State University. Built in 1975, the park consists of 113 lots.

Listing provided courtesy of: GRAY, CHARLES; RE/MAX TRUMAN LAKE

General Features

  • Sub-Property Type Mobile Home Park
  • Approx Age 116
  • Subdivision Other

Building Features

Property Features

  • Flood Plain Partially
  • Land Status Land Included
  • Number of Acres 12
  • Parking Capacity More than 30

Schools

Main Features available exclusively for My Property Finder members

Listing agent photo

Chuck Gray

660-525-0393RE/MAX Truman Lake

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Price & Status History

Days on Market

  • This property has been listed on the market for 370 days

Location

Area Map available exclusively for My Property Finder members
Listing agent photo

Chuck Gray

660-525-0393RE/MAX Truman Lake

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Local:

Demographics
Schools
Days on Market

Community Demographics for Zip Code 66762 (Pittsburg)

  • Housing Occupancy

    Home Owners
    6,278
    49%
    Renters
    5,337
    42%
    Vacant
    1,218
    9%
    Total Housing Units
    12,833
  • Households

    Average Household Size
    2.35
    Housing Density (People per square mile)
    218

Age Range (number of people)

Age 0-14
6,454
Age 15-24
3,756
Age 25-39
6,239
Age 40-59
8,022
Age 60-79
3,877
Age 80+
875
Total
29,223

* All numbers in this section are 2016 projections provided by Geolytics Inc

Community Demographics available exclusively for My Property Finder members

School Information for 66762 (Pittsburg)

Public Schools in Zip Code 66762 (Pittsburg)

* This list of schools may not match the property above.

  • PITTSBURG HIGH
    1978 EAST 4TH PITTSBURG, KS 66762
    Phone: 6202353200
    9th-12th
  • Grade Size Distribution
    • 9th
    • 218
    • 10th
    • 197
    • 11th
    • 178
    • 12th
    • 172
    • Teachers: 52
    • Students per Teacher: 14.7
    • Students: 765
    • Male/Female: 416/349
    • District: PITTSBURG, 510 DEILL ST PITTSBURG, KS 66762
    • Phone: 6202353100
    • Schools: 6
    • Full-Time Teachers: 179
    • Students per Teacher: 15.3
    • Staff: 254
    • Students: 2743
  • PITTSBURG MIDDLE SCHOOL
    1310 NORTH BRDWAY PITTSBURG, KS 66762
    Phone: 6202353240
    6th-8th
  • Grade Size Distribution
    • 6th
    • 202
    • 7th
    • 175
    • 8th
    • 196
    • Teachers: 43
    • Students per Teacher: 13.3
    • Students: 573
    • Male/Female: 286/277
    • District: PITTSBURG, 510 DEILL ST PITTSBURG, KS 66762
    • Phone: 6202353100
    • Schools: 6
    • Full-Time Teachers: 179
    • Students per Teacher: 15.3
    • Staff: 254
    • Students: 2743
  • LAKESIDE ELEM
    709 SOUTH COLLEGE PITTSBURG, KS 66762
    Phone: 6202353140
    K-5th
  • Grade Size Distribution
    • Knd
    • 46
    • 1st
    • 59
    • 2nd
    • 57
    • 3rd
    • 68
    • 4th
    • 62
    • 5th
    • 50
    • Teachers: 22
    • Students per Teacher: 15.5
    • Students: 342
    • Male/Female: 188/143
    • District: PITTSBURG, 510 DEILL ST PITTSBURG, KS 66762
    • Phone: 6202353100
    • Schools: 6
    • Full-Time Teachers: 179
    • Students per Teacher: 15.3
    • Staff: 254
    • Students: 2743
  • MEADOWLARK ELEMENTARY
    1602 EAST 20TH PITTSBURG, KS 66762
    Phone: 6202353130
    K-5th
  • Grade Size Distribution
    • Knd
    • 73
    • 1st
    • 59
    • 2nd
    • 67
    • 3rd
    • 63
    • 4th
    • 55
    • 5th
    • 41
    • Teachers: 23
    • Students per Teacher: 15.6
    • Students: 358
    • Male/Female: 185/169
    • District: PITTSBURG, 510 DEILL ST PITTSBURG, KS 66762
    • Phone: 6202353100
    • Schools: 6
    • Full-Time Teachers: 179
    • Students per Teacher: 15.3
    • Staff: 254
    • Students: 2743
  • GEO E NETTELS ELEM
    2012 SOUTH HOMER PITTSBURG, KS 66762
    Phone: 6202353160
    PreK-5th
  • Grade Size Distribution
    • PreK
    • 80
    • Knd
    • 64
    • 1st
    • 59
    • 2nd
    • 68
    • 3rd
    • 48
    • 4th
    • 59
    • 5th
    • 56
    • Teachers: 18
    • Students per Teacher: 24.4
    • Students: 440
    • Male/Female: 228/190
    • District: PITTSBURG, 510 DEILL ST PITTSBURG, KS 66762
    • Phone: 6202353100
    • Schools: 6
    • Full-Time Teachers: 179
    • Students per Teacher: 15.3
    • Staff: 254
    • Students: 2743
  • WESTSIDE ELEM
    430 WEST 5TH PITTSBURG, KS 66762
    Phone: 6202353170
    PreK-5th
  • Grade Size Distribution
    • PreK
    • 7
    • Knd
    • 39
    • 1st
    • 48
    • 2nd
    • 46
    • 3rd
    • 44
    • 4th
    • 49
    • 5th
    • 38
    • Teachers: 19
    • Students per Teacher: 14.3
    • Students: 271
    • Male/Female: 132/138
    • District: PITTSBURG, 510 DEILL ST PITTSBURG, KS 66762
    • Phone: 6202353100
    • Schools: 6
    • Full-Time Teachers: 179
    • Students per Teacher: 15.3
    • Staff: 254
    • Students: 2743
  • Private Schools in Zip Code 66762 (Pittsburg)

    * This list of schools may not match the property above.

    • ST. MARYS COLGAN HS
      212 E 9th St. Pittsburg, KS 66762
      Phone: 6202314690
      7th-12th
    • Grade Size Distribution
      • 7th
      • 46
      • 8th
      • 44
      • 9th
      • 35
      • 10th
      • 42
      • 11th
      • 40
      • 12th
      • 35
      • Teachers: 0
      • Students per Teacher: N/A
      • Students: 242
    • ST. MARYS ELEMENTARY
      213 E 9th St. Pittsburg, KS 66762
      Phone: 6202316941
      K-6th
    • Grade Size Distribution
      • Knd
      • 42
      • 1st
      • 38
      • 2nd
      • 53
      • 3rd
      • 26
      • 4th
      • 46
      • 5th
      • 45
      • 6th
      • 39
      • Teachers: 0
      • Students per Teacher: N/A
      • Students: 289

    * School data provided by US Department of Education

School Information available exclusively for My Property Finder members

Information is provided in part by the Multiple Listing Service of the Sedalia/Warsaw Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.


* Rates and payment information listed in the mortgage calculator are provided as for general reference only. Specific mortgage information should be verified with a qualified lending professional