Mobile Home Park

Autumn Falls MHC & RVP

9601 E US Hwy 40, Independence, MO 64055

Listing Price: $2,500,000

Cap Rate
6.89%
Number of Spaces
51
Lot Size
3.25 acres
Occupancy
98.00%
Price/Space
$49,020
Spaces/Acre
15.69
Year Built
2000

Investment Overview

Autumn Falls MHP consists of 50 MH lots and 1 single family home. There are 15 tenant owned homes, 15 rented park owned homes, 1 vacant POH that is currently used as an office, 19 RV tenant owned units, and 1 singe family house. The 19 current RV tenants are on annual leases and those lots can accommodate mobile homes. Average rents are $373 lot rent, $194 POH rent, $369 RV rent, and $650 for the single-family house. This park is NOT in a flood zone or opportunity zone. The property is serviced by public water and sewer that is sub metered and billed back to tenants. Trash service is provided by dumpsters that are located in the park and paid for by the park owner. Finally, electricity is direct billed, with exception for a few tenants who still have their power account in the parks name. The park then sends the bills to those tenants and recoup 100% of the expenses. The roads are paved and in average shape.

Investment Highlights

  • Significant upside in rents
  • Public utilities, sub-metered and billed back to tenants
  • Stabilized tenant base with good infrastructure

Exclusively Listed By

  • Glenn D. Esterson

    Vice President Investments

    Email Glenn

    License(s): GA: 355850

    Charlotte Uptown

  • Parker Kelly

    Associate

    Email Parker

    License(s): GA: 385444

    Atlanta

Broker of Record

  • Bradley Barham

    First Vice President Investments

    License(s): MO: 2013016939

    Missouri

Mobile Home Park

Autumn Falls MHC & RVP

Listing Price: $2,500,000

Cap Rate
6.89%
Number of Spaces
51
Lot Size
3.25 acres
Occupancy
98.00%
Price/Space
$49,020
Spaces/Acre
15.69
Year Built
2000

Investment Highlights

  • Significant upside in rents
  • Public utilities, sub-metered and billed back to tenants
  • Stabilized tenant base with good infrastructure

Investment Overview

Autumn Falls MHP consists of 50 MH lots and 1 single family home. There are 15 tenant owned homes, 15 rented park owned homes, 1 vacant POH that is currently used as an office, 19 RV tenant owned units, and 1 singe family house. The 19 current RV tenants are on annual leases and those lots can accommodate mobile homes. Average rents are $373 lot rent, $194 POH rent, $369 RV rent, and $650 for the single-family house. This park is NOT in a flood zone or opportunity zone. The property is serviced by public water and sewer that is sub metered and billed back to tenants. Trash service is provided by dumpsters that are located in the park and paid for by the park owner. Finally, electricity is direct billed, with exception for a few tenants who still have their power account in the parks name. The park then sends the bills to those tenants and recoup 100% of the expenses. The roads are paved and in average shape.

Exclusively Listed By

  • Glenn D. Esterson

    Vice President Investments

    Email Glenn

    License(s): GA: 355850

    Charlotte Uptown

  • Parker Kelly

    Associate

    Email Parker

    License(s): GA: 385444

    Atlanta

Broker of Record

  • Bradley Barham

    First Vice President Investments

    License(s): MO: 2013016939

    Missouri

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