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Mobile Home Park Details

  • Price: Call for Price
  • Property ID: 1107308
  • Posted on Jul 15, 2019

Property Description

• J&L MHC is a well located, 2.5-star all-age community positioned on approximately 24 acres of land and serviced by public utilities. The property
offers a grid type layout with off-street parking, shaded trees, and paved roads
that appear to be in good shape.
• There is potential to add up to ten extra lots at the largest park in the portfolio
(J&L), which is currently 88% economically occupied. According to the owner,
the local authorities are favorable towards manufactured housing and are likely to allow an owner to add as many lots as they can fit.
• The offering includes 96 park-owned homes, of which 81 are currently occupied averaging $200 for the home rent portion. In addition, there are 21 home loans
included in the offering with a current balance of around $344,000.
• The park was recently sub-metered for water and sewer but the Owner has yet to pass those charges back to the tenant. Owner plans to implement the bill-back in the summer.
• J&L is only a ten-minute drive to downtown Jefferson City, the capital of Missouri, and only 35 minutes from Columbia, home to the University of Missouri. The community is also within a short drive to several major retailers including Dillard’s, Walmart Supercenter, Target, Kohl’s, TJ Maxx and JCPenney.
• The community is within walking distance to the national headquarters for PSFbrands, a parent company of food service companies Champs Chicken,
Cooper’s Express, and BluTaco. The company is one of the larger employers in the Holt’s Summit area.
• Within a ten-mile radius the total population is a strong 62,600 and expected to rise to 64,000 by 2023. Average household incomes are a healthy $71,200 within the same radius. Overall, Holts Summit has been growing at a steady pace over the last 20 years, mainly due to its proximity to Jefferson City and Columbia.
• The community is within the highly rated Jefferson School District and near seven public and private learning institutions in Central Missouri. Most are within easy commute such as Lincoln University (3,200 students enrolled), University of Missouri (29,866 students enrolled), Westminster College (800 students enrolled), William Woods University (2,200 students enrolled).

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Park Information

Community Type: All Age
Number of MH Lots: 157
Total Occupancy: 87.9 %
Year Built: 1970
Size: 23.4 acre(s)

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