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205 S 10th Street Ste Genevieve, MO 63670
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Key Details
Sold Price $183,146
Property Type Multi-Family
Sub Type Multi-Family 5+
Listing Status Sold
Purchase Type For Sale
Subdivision Ste. Genevieve Estates
MLS Listing ID 20039106
Sold Date 11/11/20
Property Description
Salient Realty Group is pleased to present a beautiful mobile home park for sale in Ste Genevieve, Missouri consisting of 9 lots and 8 homes. Two homes have recently been renovated and 1 unit is currently under renovation - owner is investing $3,600 before closing. There are five 3 bed/1 bath, three 2 bed/1 bath, and one of the lots is currently vacant. They are located in the highly desirable Ste. Genevieve area, just 45 miles south of St. Louis. Property has been well maintained. Has 2 units that are rent to own. All units are on month-to-month leases with potential to come in and raise rents. Has a current cap of 11.5%. With some cosmetic updates there is potential to get a cap of close to 20%! Average rents are currently $470 - which includes lot and home rent. Monthly expenses are low. Great investment opportunity!
Location
State MO
County Ste Genevieve
Area St. Genevieve County
Interior
Heating Forced Air
Cooling Wall Unit(s)
Fireplace N
Laundry Lndry Connect all Un
Exterior
Parking Type Space/Unit - 2+
Building
Sewer Public Sewer
Water Public
Structure Type Aluminum Siding, Other
Schools
Elementary Schools Ste. Genevieve Elem.
Middle Schools Ste. Genevieve Middle
High Schools Ste. Genevieve Sr. High
School District Ste. Genevieve Co. R-Ii
Others
Ownership Private
Acceptable Financing Cash Only, Conventional
Listing Terms Cash Only, Conventional
Special Listing Condition None
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Bought with Timothy McCarthy