Contact Information

Chuck Gray

ReMax Truman Lake

Mobile Home Park Details

  • Price: $900,000
  • Property ID: 1231810
  • Posted On: Mar 19, 2020
  • Updated On: Apr 29, 2020

Property Description

See attached Executive Summary. 52-lots, 45-lots occupied, 8.46 acres +/-, Privately Maintained sewer & water utility operator off site, park has no responsibility for water or sewer, except park does maintain water and sewer lines within the park.  The park pays a fixed amount of $25.55 per month per site to the utility operator. Natural gas on site, city streets on three sides, paved interior roads and parking, timbered lots. Built 1985.  20- Park owned mobiles. 22- Private owned mobiles. 7- Pads vacant (ready to rent) several will hold 80 foot homes 3 of the 11-sites will take RV's.Seller financing available. Terms: 50% down, First Deed of Trust, 5.0% interest, 20-year amortization, 5-year balloon

Location

Located in Pettis County, population 42,000, City of Sedalia population 22,000, the county seat. Sedalia is a rapidly growing city and is home of the MO State Fair. Average vacancy for rental property in Sedalia is 5%. Average market rent for mobile home lots $230 to $280 per month.

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Park Information

Community Type: All Age
Number of MH Lots: 52
Total Occupancy: 66.0 %
Year Built: 1985
Average MH Lot Rent: $220
Size: 9 acre(s)

Financial Information (Actual)

Gross Income $148,975
Operating Expense $53,411
Net Operating Income $95,534
Expense Ratio 35.9 %
Debt Info

Utility Information

Water: City
Water Paid By: Park
Sewer: City

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