6104 Busiek RdFarmington, MO 63640

Walnut Grove Mobile Home Park presents a compelling investment opportunity in Farmington, Missouri. This 91-site, all-age community sits on 28 acres, offering significant expansion potential for an additional 23 to 25 sites. The property boasts a strong pro-forma NOI of $392,899 and an 8.8% pro-forma cap rate, making it an attractive addition to any portfolio. Currently, the park comprises 27 tenant-owned homes and 39 park-owned rental homes, with an additional 25 sites occupied by stick-built homes permanently affixed to concrete foundations, all constructed by the seller. The entire real estate and home portfolio must be purchased together. Infrastructure includes a well water system and an on-site sewer treatment plant, with existing water and sewer lines in place to support future expansion. The majority of roads are paved, providing ample off-street parking, although a newer section currently features gravel roads. Conveniently located approximately 75 miles south of downtown St. Louis, the park benefits from a substantial population base of 93,294 within a 20-mile radius. The property was built in 2001 and is offered at $4,470,000, with a price per pad of $49,121. The property's APN is 13-20-03-00-000-0021.00. This is a turnkey opportunity with immediate income and significant upside.