2085 North Commercial, St Clair, MO 63077

$775,000
List Price
$775,000
Price Change
▼ $50,000 1538681307
Days on Market
149
MLS#
18048222
Status
ACTIVE
Year Built
1945
Age
73
Subdivision
Paradise Mobile Home Park
Municipality
St. Clair
County
Franklin
Listing Type
Multifamily

Property Description

Great Investment $16,000 MONTH RENTAL ROLL, 40 unit park, 2 storage buildings, 1 House, laundromat (laundromat currently closed) . HAS approx 860 ft of I44 FRONTAGE...Currently house is being used as office but could be more rental income, plumbing needs hooked up to main line. There are 2 lots that are pad rent only, 38 homes are owned and go with park. Rent Roll is $16,000 plus a month. Owner pays for water , trash, and sewer. Lagoon permit is good until 2020, but some new DNR is asking for the Solids and Ammonia limits to go down. Worst Case a new treatment facility $100-$125, 000 quoted verbally to me 4 years ago but we have no definite from DNR. Park is completely occupied, and has a waiting list for renters needing low income housing. Manager works for $200 month, and Maintenance Man works for free rent . Rent could be increased and tenants could start paying own trash bill and house could be rented, and laundromat could re-open for more income.

Additional Information

School District
St. Clair R-XIII
Elementary School
St. Clair Elem.
Jr. High School
St. Clair Jr. High
Sr. High School
St. Clair High
Parking Description
On Street Parking
Cooling
Central-Electric, Window Unit(s)
Sewer
Lagoon
Heating
Forced Air
Water
Community
Heat Source
Electric, Propane
Taxes Paid
5500
Selling Terms
Cash, Conventional, Exchange, Lease Purchase

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Listing courtesy of Keller Williams Southwest.

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