Carroll Creek Mobile Home Park 5940 State Ave 100 Unit Mobile Home Park For Sale 6% Cap Rate Kansas City, KS 66102

Carroll Creek MHC presents a compelling value-add investment opportunity in the Kansas City metro, one of the fastest-growing regions in the Midwest with a population exceeding 2.2 million. This 100-space manufactured housing community sits on a large 21.96-acre site, offering significant potential for expansion with approximately 58 additional spaces possible. Current occupancy is 85%, providing an immediate upside through infill and consistent rent growth.
The community includes 18 park-owned homes with a median age of 2012, ensuring a solid base for revenue generation and tenant stability. All public utilities are in place, simplifying operations and reducing upfront capital requirements. Its location along State Avenue offers proximity to key employment centers, I-70, and major retail destinations including Legends Outlets, popular dining, and regional amenities.
Kansas City’s robust fundamentals—median home prices near $289,000, stable unemployment around 3.7%, and strong renter demand—make this MHC a prime candidate for investors seeking long-term yield and growth. This property provides the rare combination of stable cash flow and substantial value-add through expansion and operational optimization in a growing metropolitan market.