Contact Information

Mobile Home Park Details

  • Price: $899,000
  • Purchase Method: Cash, New Loan
  • Property ID: 1386385
  • Posted On: Jan 29, 2021
  • Updated On: Jan 30, 2021

Property Description

MEGA EXPANSION OPPORTUNITIES! 55+ Manufactured Home Park using only fraction of front 23 acres w/approx. 700ft. of Hwy O frontage w/500 ft. depth zoned C2 and bal. of 23 acres zoned residential. PLUS Back 35 acres, zoned residential with owner home, 3 car carport, 30x48 shop & smaller storage bldg. Front 23 cleared back 35 partially wooded. All homes all electric, all on solid concrete pads w/footings per city code, all homes have carports with 10x20 storage rooms and concrete floors. 5 homes pay lot rent and private owned & 3 homes are park owned paying rent. All driveways blacktop or concrete excepting 1 is gravel. Shop insulated with elec. furnace & wood stove, 10ft. ceiling, loads of shelving & garage door opener. All homes have decks & shingle roof, shop metal roof. All homes on city water/sewer. Storm shelter concrete block w/poured concrete floor& ceiling with storage room on top. Central postal unit under roof. Blacktop roads (not city owned) Room to expand park or build homes/duplexes etc. Owner is Listing Broker/Agent, licensed in Missouri.

Location

Cougar Ridge is located at Lake of the Ozarks in central Missouri. Lake of the Ozarks is a popular man-made Lake with 1300 miles of shoreline. Home to many 2nd Homeowners plus vacation and retirees as well a many local families. Park is located in City Limits of Laurie and just a few miles from many marinas and public Lake access. Lake of the Ozarks hosts many bass & crappie fishing tournaments and The Lake of the Ozarks Shootout is held each year in August and is the largest unsanctioned boat race in the US, named one of the nation’s eight “must-see” boating events according to Powerboat Magazine.

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Park Information

Community Type: 55 And Over
Number of MH Lots: 9
Total Occupancy: 100.0 %
Year Built: 2005
Average MH Lot Rent: $181
Size: 58 acre(s)

Financial Information (Actual)

Gross Income $25,250
Operating Expense $6,000
Net Operating Income $19,250
Expense Ratio 23.8 %
Debt Info

Lot Information

Singlewide Lots: 0
Doublewide Lots: 26

RV Information

Average RV Lot Rent: $181

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 4
Average Rent for Park-owned Homes: $675

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