Listed by Sands Investment Group - FTL, Sands Investment Group Philadelphia
$875,000
Southside Acres Mobile Home and RV Park - Concordia, MO
Details
Property Type Mobile Home Park, Multifamily
Sub Type RV Park
Units 18
Cap Rate 9.19%
NOI $80,451
Occupancy 100%
Tenancy Single
Acreage 4.150
Investment Type Net Lease
Mobile Home & RV Park | 18 Income Sites + Expansion Upside | 9.34% CAP
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 4.15-acre Southside Acres Mobile Home and RV Park, located at 1505 S Saint Louis Street in Concordia, Missouri. The property features 18 income-producing lots comprised of tenant-owned homes, park-owned homes, and RV sites, creating a diversified and durable revenue base supported by long-term residential occupancy. Operational efficiencies are enhanced by city water and sewer, with all utilities separately metered and direct-billed to tenants, while an on-site coin-operated laundry provides supplemental income. Additionally, the park is approved for up to 20 additional lots, offering a clear path for expansion and long-term value creation.
Investment highlights
- Diverse Community Composition: The property consists of 18 total sites, including a balanced mix of 8 tenant-owned homes (TOH), 8 park-owned homes (POH), 3 RV sites, and 1 vacant lot.
- Municipal Utilities & Infrastructure: The community is serviced by city water and sewer. All utilities, including electric, gas, and water, are separately metered and direct-billed to tenants.
- Additional Revenue Stream: An on-site coin-operated laundry facility generates supplemental income while serving as a valued amenity for residents.
- Expansion Upside: The property is approved by the city for the development of up to 20 additional lots. Engineered plans are included, offering a clear path for future growth and value enhancement.
- Proximity to Local Employment: The property is conveniently located near Concordia’s primary employment base, including manufacturing, logistics, healthcare, and agricultural-related employers, supporting consistent workforce housing demand.
- Essential Services Nearby: Residents benefit from close access to grocery stores, pharmacies, schools, medical facilities, and daily retail services within Concordia, enhancing livability and tenant retention.
Listing Contacts
Listed by Sands Investment Group - FTL, Sands Investment Group Philadelphia
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$80,451.00
$6,704.25/mo
Valuation Metrics
0
DSCR
9.19%
Cap Rate
9.19%
ROI
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