De Soto All-Age
For Sale
Contact for pricing
Pending
2902 Clay St, De Soto, MO 63020
All-age community with 14 income-producing units on 10.24 acres.
Property SizeContact for details
Lot Size10.24 Acres
Days on Market167
Property Features for 2902 Clay St
General Information
Standard status
Pending
Lot size
10.24 Acres
Property subtype
Mobile Home Park
Zoning
R-40
Investment Type
Value Add
Building Details
Year Built
1940
Units
14
Listing Agency:
Worth Clark Realty
(314) 518-4347
Listed By:
Tammy Derrigan · License #MO 2016008170
Source:
Crexi
Added: Feb 25
Changed: Aug 8
Last Checked: Jul 24 at 12:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Worth Clark Realty
Investment Insights
Based on property information with market context.
Caesar's Country Acres is an all-age community situated on 10.24 acres in De Soto, Missouri, approximately 45 miles south of St. Louis. The property comprises two tax parcels and features 14 income-producing units, including 4 cottages, 8 park-owned mobile homes, and 2 pad rentals with tenant-owned mobile homes. Outbuildings include a 40x30 storage barn with a 16x8 garage door and three storage sheds. The property is served by a well system and a wastewater stabilization lagoon system, both in good working order. The lagoon, located at the rear of the property, is a septic 3-cell treatment plant that is tested quarterly. The zoning is R-40. Potential value-add opportunities include raising lot rents, selling park-owned homes to tenants, improving insurance costs, renting the garage as secured storage, renting the unused sheds, updating unrenovated units, and expansion. There is potential for 26 additional pads, and utilities are already sized for more pads. The park-owned mobile homes are taxed as personal property. Occupancy rates are high, retention is strong, and unit turns are short. The homes are older, but many are newly renovated and in good shape. Current monthly rents total $8920. With existing rents and a pro forma $820 for the cottage, the annual operating income is $116,880. Less operating expenses of $53,241, that’s an NOI of $63,739. De Soto is in Jefferson County, one of the fastest-growing counties in the state.
Key Highlights
- High Cap Rate: 12.02% at asking price, indicating strong income potential.
- Income‑Producing Property: Features 14 units generating $8920 monthly rent with potential for $116,880 annual operating income.
- Value‑Add Opportunities: Potential to raise rents, sell park‑owned homes, improve storage, renovate units, and expand with 26 additional pads (subject to county approval).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Explore this area
Business Placement
Demographics for 63020, MO
20,408
Population
8,922
Households
2.3
Avg Household Size
42
Median Age
14%
College-Educated
88%
High-School Grad
149.7 sq mi
ZIP Area
136
Density / Sq Mi
$65,908
Median Household Income
$39,077
Median Earnings
$872
Median Rent
$172,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - All-age community with 14 income-producing units on 10.24 acres.
Where is this mobile home & rv park located?
The property is located at 2902 Clay St De Soto, MO.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: High Cap Rate: 12.02% at asking price, indicating strong income potential.; Income‑Producing Property: Features 14 units generating $8920 monthly rent with potential for $116,880 annual operating income.; Value‑Add Opportunities: Potential to raise rents, sell park‑owned homes, improve storage, renovate units, and expand with 26 additional pads (subject to county approval).
