605 5Th StClinton, MO 64735

Property Details for 605 5Th St

Year built

1973

Lot size

0.34 AC

Property size (Sq ft)

100 SF

Property type

Mobile home & RV parks

APN

18-1.0-02-002-021-001.000

APU

181002002021001000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $24,299

  6.5%

  $22,430

  7%

  $20,828

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,087

  Geo Method

  $11,087

• Alternative Use

  Use

  Valuation

  Residential

  $22,430

  Hospitality

  $20,546

  Educational

  $17,094

  Medical

  $17,682

  Retail

  $26,590

Location Insight

City

Clinton

County

Henry

State

Missouri

Latitude

38.3769

Longitude

-93.7691

Property Tax & Assessments

FAQs

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