6696 Old Rte Cuba, MO 65453
- Multifamily properties
- 10.60 lot acres
Current Use by Public Records
- Multifamily properties
Property Details for 6696 Old Rte
- Year built
- 2009
- Lot size
- 10.60 lot acres
- Property type
- Multifamily properties
Description
This exceptional 10.6-acre mobile home park presents a rare investment opportunity along historic Route 66 in Cuba, Missouri. Currently boasting 10 leased pad spaces, this property offers significant expansion potential. Three separate entrances allow for easy doubling of the park's capacity with minimal additional infrastructure costs. The park generates a current gross annual income of $33,000, with substantial room for growth based on prevailing market rental rates. Two wells and two lagoons provide ample water resources for the park's residents. Conveniently located near Interstate 44, this property enjoys excellent accessibility. All mobile homes are tenant-owned, minimizing maintenance responsibilities and maximizing the return on investment. The property's earning potential is estimated as high as 12%, making it an attractive addition to any investment portfolio. This turnkey operation is ready for an investor seeking immediate income and long-term growth opportunities. The property's location on Route 66 adds a unique historical element, potentially attracting a wider range of tenants. This is a must-see property for discerning investors seeking a high-yield, low-maintenance investment with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cuba
- County
- Crawford
- State
- Missouri
- Longitude
- -91.3555
- Latitude
- 38.0972
