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$1,395,000
- Sale Pending/Backups | MLS#: 68785
- 24.00Acre
188 N Summit Dr Holts Summit, MO 65043
Overview
HUGE UP SIDE POTENTIAL IN THIS PARK. The park consist of 24 acres of developed land and 3.5 acres +/- of undeveloped land. 114 spaces various lot sizes, 31-park owned homes, on site office and storm shelter, playground, concrete & asphalt roads, city utilities, all utilities sub-metered, all sanitation plumbing is PVC, park has it's own licensed Public Water System in place allowing owner to charge for water & sewer. 66-spaces are occupied of that 31-spaces occupied by park owned homes. Vacancy factors estimates used in this proforma: yr-1 54% (actual vacancy currently), yr-2 45%, yr-3 35%, yr-4 20%, yr-5 10%. 10% cap rate year one based on average income & expenses form 2011 to 2013. No blue sky.
General Features
- Sub-Property Type Mobile Home Park
- Approx Age 117
- Subdivision Other
Building Features
Property Features
- Flood Plain No
- Land Status Land Included
- Number of Acres 24
- Parking Unpaved
- Parking Capacity More than 30
Schools
Chuck Gray
660-525-0393RE/MAX Truman Lake
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Price & Status History
Days on Market
- This property has been listed on the market for 1172 days
Location
Chuck Gray
660-525-0393RE/MAX Truman Lake