Mobile Home Park & Small Home Rentals


Mobile Home Park & Small Home Rentals

Great Investment Opportunity

REF# 3170A





$1,000,000

Missouri


Detailed Information

Years   Proforma
Gross Revenues toottip   $136,500
CASH FLOW EBITDA toottip   $71,000
Years   Proforma
Gross Revenues   $136,500
CASH FLOW EBITDA   $71,000
Real Estate toottip Included
Established 2003
Real Estate toottip
(Included)
Established
2003
Support Training
Seller will work with buyer for a smooth transition of ownership.
Reason for Selling
Retirement

Business Description

    INVESTMENT OPPORTUNITY – An income generating, rural, 8 lot mobile home park, an 11 lot development of 240 to 380 square foot small homes, a duplex and a single-family home, all located on 21 acres, just south of Warrensburg in Johnson County, Missouri. Price includes land, park owned homes and infrastructure. Within the 21 acre property, there is approximately 4.5 acres of unimproved land that could be developed for additional rental income.

    Monthly rental rates range between $600 and $1,000. Occupancy is currently at about 83% and improving. At this occupancy total monthly rent calculates to $11,300. A sewer fee has recently been implemented, which will increase annual income by approximately $5,700.

    The property is located approximately 1.5 miles south of the city limits of Warrensburg, Missouri. Electric and water utilities are public. For wastewater, the property has a 3-cell lagoon system, with a new lateral field under construction.

    Being offered separately for $150,000 is an adjacent 1.56 acre land tract with highway frontage ready for development – possibly for commercial use or multi-tenant housing.

    There is partial management on-site, making ownership semi-passive in nature. This opportunity offers potential for growth and immediate cash flow. The seller wishes to retire and is ready and motivated to sell.

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      Tim Gregory- Kingsley Group Business Brokers of Springfield Missouri

      Tim Gregory Kingsley Group


    Your Business Sales, Mergers & Acquisitions Specialist