605 5th St Lot, Unit 4 Clinton, MO 64735-1677
- Mobile home & RV parks
- 100 SF
- 0.34 lot acres
Current Use by Public Records
- Mobile home & RV parks
Property Details for 605 5th St Lot
- Year built
- 1973
- Lot size
- 0.34 lot acres
- Property size
- 100 SF
- Property type
- Mobile home & RV parks
- APN
- 18-1.0-02-002-021-001.000
- APU
- 181002002021001000
Description
This exceptional investment opportunity presents a stabilized, value-add mobile home park located at 605 N 5th St, Clinton, MO 64735. The property features four units, each currently occupied under a year-long lease, ensuring a consistent income stream. With a total of 3,656 square feet on a 14,712.5 square foot lot, the park boasts 100% occupancy as of December 21, 2023. The property's Net Operating Income (NOI) is $25,478, yielding a compelling 13.48% capitalization rate. Recent renovations (2023-2024) enhance the property's value and appeal. Individual utility metering simplifies management, minimizing operational complexities. The asking price is $189,000, translating to $51.70 per square foot. This prime location in Clinton, Missouri offers exceptional convenience and accessibility, making it an attractive investment for both seasoned and new real estate investors seeking a strong return. The property's strong performance and high occupancy rate make it a truly remarkable opportunity in the current market.
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
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Location Insight
- Map
- Local Demand
- City
- Clinton
- County
- Henry
- State
- Missouri
- Longitude
- -93.7691
- Latitude
- 38.3769