Oakdale Place (Property Overview)

Oakdale Place MHC is a well-positioned mobile home park located on 1.27 acres of commercially zoned land. While the age of the park is unknown, the property benefits from key infrastructure, including city water and city sewer connections, ensuring reliable utility services. The park is not located in a flood zone.

The community features 12 pads, of which six are currently occupied by tenant-owned homes (TOH), generating an average rental income of $406 per pad per month. Four additional pads are rented by tenants for ancillary uses such as extended yard or parking space, leaving only two pads without current income. There are no vacant trailers or park-owned homes (POH), offering a stabilized operational structure.

Oakdale Place (Utilities & Infrastructure)

•Water & Sewer: Connected to city services. The park pays the
water bill and adds $30/month to rent to cover expense.
•Electricity: Each pad features a 200-amp pedestal, with tenants
individually metered for gas and electricity.
•Underground Piping: A mix of cast iron and PVC, with recent
plumbing upgrades performed by the current ownership.
•Roads: Asphalt roads throughout the park, currently in "fair"
condition, with maintenance handled by ownership.

Oakdale Place (Current Operations)

The property is self-managed by the current owners, who have been operating the park since December 2023. They report no delinquent tenants, with all six TOH leases renewed on annual terms. Tenants are responsible for maintaining their individual lots, while ownership maintains vacant pads and community areas. Rent collection is streamlined via Cash App, with annual lease terms starting and ending on the same date.

Oakdale Place (Recent Improvements)

Since acquiring the park, ownership has invested in the following upgrades:

•Significant tree and landscaping work.
•Plumbing updates, including sections of new PVC piping.
•Installation of a new community sign.
•Renting vacant pads to tenants for extended yard or parking use.

Oakdale Place (Future Potential)

While Oakdale Place MHC is already generating stable income, there are opportunities to enhance operations and profitability. The owners recommend:

•Adding two mobile homes to the vacant pads to increase occupancy.
•Repaving the existing asphalt road to improve overall infrastructure.
•Some vacant pads require updates to water and sewer hookups before accepting trailers, providing room for additional infrastructure investment to unlock full potential.

Oakdale Place (Investment Highlights):

Stable Occupancy: Six fully leased TOH pads with no delinquency.
•City Utilities: Reliable city water and sewer services.
•Upside Potential: Opportunity to fill vacant pads and increase rental income.
•Self-Managed with Minimal Oversight: A resident could be an excellent candidate for a local manager.
•Recent Rent Increase: Rents were last raised in March of 2024 and will be eligible for another increase in March of 2025.

Oakdale Place (Additional Notes)

The park currently utilizes annual leases with all terms aligned to begin and end on the same date. Ownership has fostered tenant responsibility by providing a snow blower for communal use and maintaining unoccupied areas. Seller financing is not available for this transaction, making it an ideal opportunity for cash buyers or those seeking traditional financing. Oakdale Place MHC presents a rare opportunity to acquire a well located, stabilized community with significant value-add potential in a growing market.

Both of the owners of Oakdale Place MHC are licensed real estate agents in the State of Missouri.