Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 7.0%
- Listing ID: 370950
- Posted On: May 2, 2013
- Updated On: Feb 18, 2014
Description
Good, clean established park located within the Fox School District with expansion possibilities and steady income. There are another 19 undeveloped
lots that may be purchased for $32,000, Modula's single or double wide's
could possibly be put on these undeveloped lots.
Park has county water and sewer.
615-428-0452
jeanstover8@gmail.com
Location
The park is located between Fenton and Arnold with a Fenton mailing address. Located in Jefferson County off Hwy 141. Great location within the Fox School District with convenience to Hwy 30, Gravois, Hwy 21 and Hwy 55. Interstate 270 connects to 30 and 55. There are many recreational parks in Fenton and great shopping in Gravois Bluffs and Arnold.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 16 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1971 |
| Average MH Lot Rent: | $250 |
| Size: | 2 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $66 |
| Operating Expense: | $27 |
| Net Operating Income: | $39 |
| Expense Ratio: | 40.9 % |
Lot Information
| Singlewide Lots: | 16 |
| Doublewide Lots: | 17 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 4 |
| Average Rent for Park-owned Homes: | $450 |
