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Property Overview

This property is a vacant 30-lot community. All tenants had to be removed from the property due to an inoperative water line.
Prior to the community being unoccupied in 2023 the lot rent was $395/month.
The estimated cost to replace the water line is around $20,000-$30,000(according to an estimate received in 2023).
The property has 20 park-owned homes on-site. These homes are in a variety of conditions, but many need extensive work before they can be sold or rented. The years of the homes range from 1991-2005.
The property features paved roads throughout the community, with quick access to the Interstate 44 via a frontage road.

Property Highlights

This vacant community allows for a new investor to renovate the community in the way they see fit without the need to displace tenants.
A vacant community allows for new owners to bring in tenants that fit their income/background check guidelines.
Once stabilized, the community is located in a established area that can generate strong income year over year.

Income & Expense Summary Description

The income is based on a fully occupied community at $400/month lot rent. This is a $5/month increase from 2023 (the last operational year).
The expenses are based on estimates and actuals from like properties.
Expenses do not account for the cost of in-fill needed in order to elevate the community to 100% occupied.

Seller Financing Available

The seller is willing to offer seller financing to experienced buyers in order to offset the costs for a new owner to in-fill the property. Please contact the broker for more information regarding the seller financing terms.

Utility Information

All utilities (water, sewer, trash, and electric) in the park were overseen by the city of St. Robert.
When the community was operational, the tenants were billed back for water and direct billed for electricity and trash services.

St. Robert, Missouri

The subject property is located along Interstate 44 in St. Robert Missouri.
The population of St. Robert is 5,500 people and the median household income is $60,220. The population has increased by 3% since the last census in 2020.
The primary career industries in St. Robert are Hospitality, Healthcare, and Public Administration.
St. Robert is home to Fort Leonard Wood, a United States Army Installation.

Fort Leonard Wood

Fort Leonard Wood is home to over 50,000 soldiers, civilian contractors, and their families.
The fort employs over about 15,000 people (active duty soldiers, DoD contractors, and other civilians). The other portion of the population are family members or military members in training.