Contact Information

Chuck Gray
ReMax Truman Lake

Mobile Home Park Details

  • Price: $179,000
  • Cap Rate: 14.4%
  • Listing ID: 4390862
  • Posted On: Feb 6, 2024
  • Updated On: Feb 13, 2024

Description

Four unit MHP at 14% CAP RATE! Introducing 5TH & WALNUT MHP, a fantastic investment opportunity located at 605 North 5thStreet, 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. Call today for more info

Location

Corner of North 5th St & Walnut St Clinton, MO

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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

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