The Colliers Manufactured Housing advisors are pleased to present the opportunity to acquire Scott City MHC, a 19 site Manufactured Home Community located in Scott City, Missouri.

Located in southeast Missouri and boarding southern Illinois and western Kentucky, Scott City has over 100,000 residents within a 20 mile radius and an impressive median home price of $143,000. Additionally, home values have increased 6.8% since 2010. Retail shopping options such as a Walmart Supercenter and the West Park Mall is about a 10 minute drive time to the north in Cape Girardeau, which is home to Southeast Missouri State University and Century Casino, which is located on the Mississippi River.

Built in 1970 on 1.73 acres not far from the center of town, Scott City MHC is an all aged community that has a desirable utility infrastructure system. All utilities are billed directly to the residents; the city bills residents for water, sewer and trash and Ameren Missouri provides the residents with electric and natural gas. The community has paved asphalt roads which are maintained by the community owner and three sites (#20, #21 & #22) are in flood zone AE (100 year flood zone). Lastly, there’s an on-site manager/maintenance person that collects rents and is capable of completing minor maintenance.

A new operator can immediately increase gross income by renovating and leasing six existing inventory homes which would gross over $37,000 ($17,000 in site rent and $20,500 in home rent).