Property is in Cahokia, Il , 8 miles from St Louis. The area population between both cities is 4 million people. The property is right outside of downtown St Louis with easy access to the arches.
This property only had 4 pads occupied, paying $250 a month. All the surrounding mobile home parks have little to no vacancy. The owner does not own any of the units, you only own the pads.
If you are wanting a value add opportunity, this mobile home park is for YOU!! Market the area and the park will fill up!
Proforma Annual Income $219,000
Annual Expenses $23,000
Management Fees $16,450
Net Annual Income $179,550
Land 8 acres with 3 parcels
Asking Price $620,000