Contact Information
Mobile Home Park Details
- Price: $4,470,000
- Listing ID: 6717353
- Posted On: Sep 4, 2024
- Updated On: Sep 11, 2024
Description
Sunstone proudly presents the sale of Walnut Grove Mobile Home Park, a 91-site, all-age community in Farmington, Missouri with expansion potential of 23 to 25 additional sites. Situated on 28 acres, this property is located approximately 75 miles south of downtown St. Louis. Currently, there are 27 tenant owned homes and 39 park-owned home rentals. The remaining 25 sites consist of stick-built homes on concrete foundations. The stick-built homes were constructed by the Seller and are permanently affixed to the ground. The real estate and home portfolio must be purchased in conjunction. The community is on well water and an on-site sewer treatment plant. The surrounding area has a population of 93,294 within a 20-mile radius.
Park Price: $4,470,000
Homes Price: $780,000
Total Price: $5,250,000
Location
8.8% asking CAP rate
Approximately 75 miles south of downtown St. Louis and built in 2001
Potential for 23 to 25 expansion sites
Majority of roads are paved with off street parking – new section currently has gravel roads
Water and sewer lines are in-place to accommodate expansion sites
Park Information
| Number of MH Lots: | 91 |
| Year Built: | 2001 |
| Average MH Lot Rent: | $375 |
| Size: | 28 acre(s) |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Treatment Plant |
