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29665361
29665362

830 State HWY F, Wright City, MO 63390

JB
IA IA: S65228000
Century 21 Signature Real Estate Ankeny
DV
NE 20220468
Century 21 Signature Real Estate Ankeny
Listed by Century 21 Signature Real Estate Ankeny
$3,200,000
131 days on market
Updated 37 days ago

Maple Ridge MHP

Details
Property Type Mobile Home Park
Sub Type Manufactured Housing Community
Units 60
Cap Rate 10.59%
NOI $338,945
Occupancy 100%
Pro-Forma Cap Rate 11.28%
Pro-Forma NOI $361,000
Class B
Acreage 10.650
Investment Type Stabilized
Occupancy Date 02/09/2026

Fully Occupied MHC - St. Louis, MO MSA

Marketing description

Maple Ridge MHP is an all age community located just south of Wright City, MO. The property features 60 pads, with 60 homes currently on site. Of the 60 homes, 37 are park owned homes and 23 are tenant owned homes. Park owned home rents above lot rent currently average $662 per month, and lot rents average $300 per month.

New ownership could raise lot rents to market over time, while selling off park owned homes on contract or outright in order to lower operating costs. Past outright sale prices have ranged from $26,500 (cash) and $49,000 through bank financing. This offers new ownership to recoup a significant amount of capital in the short term if they wish, or sell the homes on contract and enjoy long term income while lowering operating costs.

Currently there are two vacant park owned homes that are being made rent ready. Each pad averages 7,732 square feet (.18 acres), offering ample space for tenants.

Maple Ridge is served by a well system and septic treatment plant. Both the well system and the treatment plant are in good working order. The park roads are asphalt and were recently repaved.

The water and sewer lines are PVC (4" and 8" respectively)..

Well Specifics: The well system is a deep water well, with a chlorine injection system and reservoir with two cistern pumps. The deep well pump was replaced in 2023, and the cistern pumps were replaced in 2023 and 2025. Well readings are currently handled by a tenant on site, with monthly reports being completed by the owner,but could be completed by the septic operator for new ownership.

Treatment Plant Specifics: The treatment plant is a located on the NW corner of the property. The system is a 5 cell system with two alternating 5 hp pumps. The septic system is currently managed by a third party wastewater operator that would continue service for a new owner. See deal room for system permits

Contact Broker for Additional Details

Investment highlights

  • 100% Physical Occupancy

  • 97% Economic Occupancy

  • Well maintained Park Owned Homes

  • Below Market Lot Rents

Listing Contacts

JB
IA IA: S65228000
Century 21 Signature Real Estate Ankeny
DV
NE 20220468
Century 21 Signature Real Estate Ankeny
Listed by Century 21 Signature Real Estate Ankeny

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$338,945.00
$28,245.42/mo

Valuation Metrics

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DSCR
10.59%
Cap Rate
10.59%
ROI

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