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Address is 201 S 6th Street Ferrelview, MO 64163

Kris Wessel

NAI Martens

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Ferrelwood Mobile Home Community

Mobile Home Park for Sale in Ferrelview, Missouri

201 S 6th Street
Ferrelview, MO 64163

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Mobile Home Park for Sale

Number of MH Lots: 110
Size: 13.7 acre(s)
Cap Rate: 8.0%
Purchase Method: Cash, New Loan
Status: Sold
Property ID: 865188
Posted on: Oct 05, 2017
Updated on: Mar 09, 2018

Property Description

110-space MHC in the Kansas City Metro. Located just off the I-435 exit with good proximity to nearby employers and retail services. The property is in the southern edge of the desirable Platte school district, making this a desirable location for families wanting good educational opportunities for their children, but still near city life.

The area shows good demand if additional homes were added to the property. The 13 POH included int he sale are all occupied.

Offered at an 8.0% cap rate on current income, plus the cost of the POH - this is a good buy for a value-add park.

FOR MORE INFORMATION, please complete and return the attached CA, or you may email me at kwessel@martenscos.com to request access to the online document vault.

Park Information

Number of MH Lots:110
Total Occupancy:51.8%
Average MH Lot Rent: $285
Size:13.7 acre(s)

Utility Information

Water:City
Water Paid By: Tenant - Individual Service
Sewer:City

Park-Owned Homes

Number of Park-owned Homes:13