For Sale
$189,000

605 5Th St Clinton, MO 64735

4-Unit Missouri Mobile Home Park, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a stabilized, value-add mobile home park located at 605 N 5th St, Clinton, MO 64735. The property features four units, each currently occupied under a year-long lease, ensuring a consistent income stream. With a total of 3,656 square feet on a 14,712.5 square foot lot, the park boasts 100% occupancy as of December 21, 2023. The property's Net Operating Income (NOI) is $25,478, yielding a compelling 13.48% capitalization rate. Recent renovations (2023-2024) enhance the property's value and appeal. Individual utility metering simplifies management, minimizing operational complexities. The asking price is $189,000, translating to $51.70 per square foot. This prime location in Clinton, Missouri offers exceptional convenience and accessibility, making it an attractive investment for both seasoned and new real estate investors seeking a strong return. The property's strong performance and high occupancy rate make it a truly remarkable opportunity in the current market.

Highlights

  • Stabilized, value-add mobile home park with four occupied units generating $25,478 NOI.
  • 3,656 square feet on a 14,712.5 square foot lot, 100% occupancy (as of 12/21/2023).
  • Recent renovations (2023-2024) and individual utility metering.
  • Asking price: $189,000 ($51.70/SF), 13.48% capitalization rate.

Property Details for 605 5Th St

Property type
Mobile home & RV parks
Square Feet
3,656 SF
Year Renovated
2023
Units
4

Location Insight

City
Clinton
County
Henry
State
Missouri
Latitude
38.3768126
Longitude
-93.7690152

FAQs

What type of property is this?
Mobile home & RV park - 4-Unit Missouri Mobile Home Park, High ROI
Where is the mobile home & rv park located?
The property is located at 605 5Th St Clinton, MO.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Stabilized, value-add mobile home park with four occupied units generating $25,478 NOI.; 3,656 square feet on a 14,712.5 square foot lot, 100% occupancy (as of 12/21/2023).; Recent renovations (2023-2024) and individual utility metering.
How can I contact the broker?
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605 5Th St
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