Current Use by Public Records
- Mobile home & RV parks
Property Details for 100 Circle Dr
- Lot size
- 15.00 lot acres
- Property type
- Mobile home & RV parks
Description
Fairview Park, a 32-lot mobile home community in Foley, Missouri, presents a compelling investment opportunity. This all-age community sits on approximately 15 acres outside city limits, offering significant potential for expansion given existing infrastructure. The park currently boasts a mix of 8 tenant-owned homes (TOH), 20 park-owned homes (POH), and 4 rent-to-own (RTO) units. Generating an average monthly gross revenue of approximately $10,000, the park benefits from professional local management. All utilities are billed directly to residents. A recent rent roll is available upon request. The park is actively undergoing renovations, with completed units commanding a monthly rent of $1100 due to high local demand. Furthermore, the on-site wastewater treatment plant has undergone a complete rebuild within the last six months, featuring brand new pumps and lines, ensuring long-term operational efficiency. The asking price for this established and growing mobile home park is $995,000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Foley
- County
- Lincoln
- State
- Missouri
- Longitude
- -90.8632
- Latitude
- 39.0678
