Listed by NAI Martens
$3,600,000
102 Spaces - Moberly, MO
Details
Property Type Mobile Home Park
Units 102
Occupancy 67.6%
Acreage 18.200
102 Spaces - Moberly, MO - Upside Potential
Marketing description
- 102 Spaces
- 67.6% Occupancy
- City Plans Sewer Connection to Fox Hollow
- All Other Utilities are Public
- Pricing Includes Park-Owned Home Inventory
Investment highlights
102 Spaces total, portfolio of three mobile home communities in Moberly. Close proximity of the properties easily allows for shared management and vendors. At 67.6% occupancy, there is strong upside remaining on these properties, with 13 vacant park owned homes and 22 vacant sites. With a current rent roll of over $42K per month, there is abundant cash flow from in-place operations with opportunity for even more. The properties are on public utilities, except for the Fox Hollow location. However, the city plans a public sewer connection at that property, using an a grant program. MO broker of record: Larry Goldman, CCIM, Goldman Investment Advisors.
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Listed by NAI Martens
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