SPRINGFIELD, MO 40 SPACE PARK
OFFERS DUE BY NOON WEDNESDAY, APRIL 14 AT NOON PST.
$605k incl. our $30k assignment fee
Standard cash or loan transaction
8% cap on actuals
13% cap proforma Year 1 (raise rents to market and fill 4 vacancies)
Needs some elbow grease. Great MSA.
Septic - 9 tanks, 2 need replacement
Well - $47k in improvements recently (all new water lines and risers designed to add meters easily)
City utilities available in street
Electrical is all functional, not uniform though (30,40,50,60, 70,100, 200A)
We probably have your email already, but feel free to email with any questions (ehgllcoperations@gmail.com)
Here is the park overview: https://docs.google.com/…/1YcuaBRdtyNZj333yOuiE…/edit…
Here is the Due Diligence files available: https://drive.google.com/…/1U9iDetLSR1d9hdSHbGSWAWrPcEk…
30 SPACE PARK IN STRAFFORD, 11 MINS AWAY FROM SPRINGFIELD
Buy just this 31 space, or both for a total of 71 spaces.
$480k incl. our assignment fee
Seller financing ready to go: $170k down (incl our fee) $310k loan, 3.25% rate, 25 year amo, 5 year balloon with option to extend
Mid 7% cap as is
14% cap proforma Year 1 (raise rents to market and fill vacancies)
Needs some elbow grease. Great MSA.
City utilities!
Some water meters already installed, install the rest and bill back (easy opportunity to reduce OPEX by $20k)
Electrical is really clean and beautiful here all 200A
Overview: mobile home proforma - Google Sheets
All DD files: mobile home proforma - Google Sheets