Campgrounds for Sale in Kansas

Sunstone Real Estate Advisors is pleased to present the opportunity to acquire a two-park, 186-site manufactured housing portfolio offering a diversified mix of tenant-owned homes, community-owned rentals, and RV sites. Overall, the portfolio is currently approximately 63% occupied with average lot rents of approximately $427/month, providing a balanced profile of in-place cash flow and value-add potential. With an established operating base and multiple revenue streams, the asset offers both immediate income and scalability through lease-up. The portfolio also presents an opportunity to convert community-owned homes into Lease-to-Own agreements, preserving tenants’ existing rent obligations while shifting maintenance responsibilities and generating an attractive yield on cost. This offering features substantial upside through the infill of 40 vacant sites, enabling a phased lease-up strategy without the need for additional development. Projected occupancy is expected to increase to nearly 82% by stabilization, supporting meaningful revenue growth. Additional upside is driven by below-market rents, with consistent annual rent increases positioning average rents to grow from approximately $427 to $487/month. Ancillary income streams, including utility reimbursements and other charges, further enhance total revenue and operational leverage. Financially, this portfolio offers a compelling blend of current yield and forward-looking growth. In-place operations generate positive cash flow today, with Net Operating Income projected to grow from approximately $44K to over $740K by year 3, driven by occupancy gains and rent growth. Expense ratios are expected to compress significantly—from approximately 93% currently to ~39%—as fixed costs are spread across a larger occupied base. Overall, this is an attractive opportunity to acquire a scaled manufactured housing asset with meaningful infill potential, below-market rents, and multiple operational levers to drive NOI growth, making it well-suited for investors seeking both durable income and long-term value creation.

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 JAMARI@MHPVALUE.COM 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 12.66% and attractive going-in cap rate of 9.92%. 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.