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34502351
34502352

32605 Karina Place, Macon, MO 63552 For Sale

JR
ND 00000
eXp Commercial
Listed by eXp Commercial
$925,000
1 day on market
Updated 1 day ago

Edgewood Mobile Home Park

Details
Property Type Mobile Home Park
Units 17
Cap Rate 7.64%
NOI $70,656
Occupancy 64.71%
Pro-Forma Cap Rate 13.38%
Pro-Forma NOI $123,755
Broker Co-Op True
Class C
Year Built 1997
Acreage 4.440
Zoning Residential
Investment Type Value Add
Sale Condition N/A

17 Units | Newly Remodeled Infrastructure | Long-Term Tenant Base With Stable Collections

Marketing description

To download the offering memorandum and financials, click View OM or Due Diligence. You will be prompted to sign a confidentiality agreement. Once completed, you will be able to immediately download the information. For any questions or concerns, please contact Derrick Sinclair [email protected]

The MHP Value Team is pleased to offer for sale Edgewood Mobile Home Park, a 17-site mobile home community located in Macon, Missouri, near the Columbia, MO metro.

Edgewood's site mix includes one tenant-owned home paying $350/month lot rent, ten occupied park-owned homes paying $350/month lot rent plus $488/month home rent, two vacant park-owned homes ready for quick lease-up (one needs only skirting, the other a light remodel), and four vacant, infrastructure-ready lots available for immediate infill. This is not a distressed turnaround — ownership has already invested in new 6-inch sewer main lines and upgraded utility infrastructure throughout the

property, so a buyer inherits the upside without the deferred-maintenance risk.

The investment strategy for Edgewood involves professionalizing management, restoring and leasing up the two vacant park-owned homes, infilling the four vacant lots (the property's second parcel offers room for 2-3 additional home sites), and pushing rents toward market rates.

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

  • Immediate occupancy upside; driven by two vacant park-owned homes (One almost rent ready) and four vacant, infrastructure-ready lots

  • Strong tenant quality and collections history

  • Expansion optionality — second parcel supports 2-3 additional home sites beyond the current 17

  • Potential Seller Financing

  • Majority remodeled park-owned home inventory consisting of 90s-2000s trailers

  • Below market rents

  • Strong in-place cash flow, offered at 7.65% Cap rate

Listing Contacts

JR
ND 00000
eXp Commercial
Listed by eXp Commercial

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$70,656.00
$5,888.00/mo

Valuation Metrics

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DSCR
7.64%
Cap Rate
7.64%
ROI

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