

Antire Valley Estates
16 Unit Mobile Home Community | Below market rents | Located in St Louis MSA with 8.31% Entry COCR
Marketing description
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The MHP Value Team is pleased to offer for sale Antire Valley Estates, a 16-unit mobile home and multifamily community located in High Ridge, Missouri, within the greater St. Louis MSA.
The property currently consists of three occupied Park-Owned Homes averaging $667/M, five occupied apartment rentals averaging $800/M, and seven vacant sites all equipped with full infrastructure. This asset offers immediate in- place cash flow with significant operational upside through unit renovations and infill. The value-add strategy for Antire Valley Estates centers around remodeling the existing Park-Owned Homes and apartment units to bring rents closer to market levels, while simultaneously infilling the seven vacant lots to increase occupancy and overall revenue. Given the property’s location within the St. Louis metro, an investor, has the ability to push lot rents toward the $400+/M range as additional homes are brought into the community. This investment presents an opportunity to acquire a mixed-use community with both stabilized income and clear value-add potential through improved operations, renovations, and infill execution.
Important Note to Prospective Buyers from Pace Morby: Congrats to all new members of the Pace Morby “Creative Finance” and “Subto” communities. We appreciate your interest and enthusiasm. Please note that we work exclusively with qualified, verified buyers. Our clients are not seeking first-time purchasers attempting to acquire mobile home parks with no capital investment. We will also not share proprietary Seller information with any intermediaries, including, but not limited to, scouts, “bird dogs,” or third parties.
Investment highlights
- Located within the St. Louis MSA, providing access to one of the Midwest’s largest and most stable employment bases
- Seven vacant mobile home lots already equipped with infrastructure, providing immediate infill upside without major utility expansion costs
- Diversified income stream consisting of Park-Owned Homes and apartment rentals
- In place COCR of 8.31%; offered at an 8.2% Cap Rate
- Market lot rents throughout the surroundingSt. Louis metro commonly exceed$400+/month, supporting future rent growth potential at the property
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