ROAD 504 Kennett MO 63857

Colliers Manufactured Housing & RV Group presents the investment opportunity to acquire the 33-site, Oak Haven MHC. The 6.9 acres community features well water/public sewer and is located in Kennett, Missouri.

The asking price for the property is $330,000 ($10,000/lot)

Short-term owner financing available at an asking price of $385,000 ($11,667/lot). Terms negotiable.

• The community is located near expanding and historic Memphis MSA.

• Market Rents in the South have increased and continue to see a YOY gain as population grows, with Missouri growing 4.0%.

• The property includes a commercial building which was previously used as a Mexican restaurant.

• The Southern USA is the fastest growing region by population, outpacing even Western states with 10.2% growth since 2010 which accounted for nearly half of the country's overall population increase.

• The community has infrastructure in place and can be quickly improved to increase occupancy and rents through existing vacant homes and new homes.

• Kennett, MO is a community of 10,000, located about an hour N. of Memphis, TN with strong seasonal housing demand in addition to traditional long term housing needs.