Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Listing ID: 1369789
  • Posted On: Dec 17, 2020
  • Updated On: Feb 12, 2021

Description

Excellent upside opportunity. 13-lots, 2.7-acres, 12 park owned homes and 1-stick built home. The park is in the city limits and on city water and sewer. Currently only one mobile home is leased in the park. The remaining 11-mobiles and the stick-built home are vacant. Each will require some amount of make ready work prior to lease up. Infrastructure is good but could use some grooming. Demand for housing in Clinton is high. Lease up should go quickly.

Located in Clinton MO, Henry County population is 21,000 +/-, The trade area population is 100,000 +/-. Clinton is the county seat with several large employers. Clinton is home to Truman Lake a U.S Army Corps of Engineers lake. Opened to public in 1981 +/-. Located in Henry, Benton and St. Clair counties. At pool, the lake is 55,000 acres of water, at flood stage up to 200,000 acres of water. At pool, the lake is surrounded by approximately 110,000 acres of public use land. The Army Corps of Engineers owns all the land surrounding the lake at an elevation of 748 and below.

See Links Below for more about Clinton MO

Location

https://www.clintonmo.com/economic-development

https://www.clintonmo.com/chamber-of-commerce

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Park Information

Number of MH Lots: 13
Total Occupancy: 1.0 %
Year Built: 1970
Size: 3 acre(s)

Financial Information (Pro Forma)

Gross Income: $4,500
Operating Expense: $6,675
Net Operating Income: $0
Expense Ratio: 148.3 %

Lot Information

Singlewide Lots: 13

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 12
Average Rent for Park-owned Homes: $375

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