Lot rent is currently $245 but it will be raised to $275 on April 1st, 2023. All homes are owned by the tenants.
The park has 9 out of 14 lots occupied, offering upside through infilling the remaining pads.
The water/sewer is provided by the city and the garbage is collected by a local collection company. Utilities are paid for by the tenants directly.
Lot 6 is on a rent-to-own contract in which the tenant pays $645/month ($245 lot rent/$400 for the home). They have 9 years left on the contract.
Leon, Kansas Overview
Leon, KS is located 30 miles from downtown Wichita. The population of Leon is 667 (as of 2021) with 33% of the population renting. The average household income in Leon is $54,000 (as of 2019). The largest employing industries in the area are: Manufacturing (33%), Construction (14%), and Retail Sales (13%).
Wichita, KS Metro Overview
In 10 years (2012-2022), the metro area of Wichita grew by 50,000 people from 485,000 to 535,000. The average household income is $61,000. The average commute time to work is 20 minutes, making Leon on the cusp of the average commute time for the Wichita metro. Wichita is known for its aerospace manufacturing companies. The two largest employers in the area are Spirit AeroSystems and Textron Aviation, which employ over 22,000 people.
