2902 Clay Street De Soto, MO 63020
MULTI_FAMILY - Other - De Soto, MO
Property Features for 2902 Clay Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street, Driveway
- Standard status
- Active
- APN
- 23-8.0-28.0-0-000-019
- Lot size
- 10.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PT NE1/4 SE1/4 PT IN SEC 27 CAESARS
- Tax Annual Amount
- 4149
Utilities
- Cooling system
- Ceiling Fan(s), Central Air
- Water source
- Well
Building Details
- Year built
- 1940
- Number of units
- 14
- Building materials
- Aluminum Siding, Block, Frame, Steel Siding, Vinyl Siding
- Architectural style
- Other
- Additional Structures
- Mobile Home
Listing agent Tammy Derrigan License #2016008170 (800) 991-6092
Listing office Worth Clark Realty 100 Chesterfield Bus Pkwy 2 Fl, Chesterfield, MO (314) 222-0065
Listing date Mar 10, 2026
Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The park is served by onsite utilities and is governed by R-40 zoning (see supplements for full detail). According to current information, monthly rents total $8,920 with one vacancy—a cottage being renovated by a laborer/tenant in lieu of rent. The property includes older homes, with many having been newly renovated during the seller’s ownership.
For buyers, this is a multifamily income property structured around manufactured housing tenancy, with both park-owned and pad rental components. Park-owned mobile homes are unattached and taxed as personal property, which may be beneficial to buyers. Current operating figures provided include annual operating income of $116,880, operating expenses of $53,241, and NOI of $63,739, reflected as a 12.02% cap rate at the asking price.
Key Highlights
- 10.24‑acre all‑age manufactured home park with 14 income‑producing units: 4 cottages, 8 park‑owned mobile homes, and 2 pad rentals
- Total current monthly rents are $8,920; annual operating income is $116,880 with 1 vacancy (cottage being renovated in lieu of rent)
- Pro forma cottage rent of $820 supports $116,880 annual operating income; NOI is $63,739 at a 12.02% cap rate (at asking price)