Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 14.4%
- Listing ID: 4390247
- Posted On: Feb 6, 2024
- Updated On: Feb 6, 2024
Description
Four unit MHP at 14% CAP RATE! Introducing 5TH & WALNUT MHP, a fantastic investment opportunity located at 605 North 5th Street, 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. Don't miss out on this lucrative opportunity. Call today for more info
Location
Corner of North 5th St & Walnut St. Clinton, MO
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
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 |
