Mobile Home Park Details
- Cap Rate: 14.4%
- Listing ID: 4390862
- Posted On: Feb 6, 2024
- Updated On: Oct 2, 2024
Description
Four unit MHP at 14% CAP RATE! Introducing 5TH & WALNUT MHP, a fantastic investment opportunity located at 605 North 5thStreet, Clinton, MO 64735. This property features 4 total units, with each tenant on a year-long lease. The utilities are separately metered in the tenants' names, making management a breeze. Situated in the heart of town, 5TH & WALNUT MHP boasts a prime location, offering convenience and accessibility. Whether you're a seasoned investor or someone looking to enter the real estate market, this property has incredible potential. Call today for more info
Location
Corner of North 5th St & Walnut St Clinton, MO
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 4 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1993 |
| Size: | 0 acre(s) |
Financial Information (Actual)
| Gross Income: | $34,800 |
| Operating Expense: | $7,382 |
| Net Operating Income: | $27,418 |
| Expense Ratio: | 21.2 % |
Lot Information
| Singlewide Lots: | 4 |
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: | $700 |
