3041 Meyer Rd - Manufactured Housing/Mobile Housing FOR SALE


Festus, MO 63028
$1,150,000 USD
314-623-6200
3041 Meyer Rd, Festus, MO for Sale
$1,150,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/95
null | 8.39% Cap Rate

3041 Meyer Rd
Festus, MO 63028


HIGHLIGHTS

  • Multi unit single family (7 manufactured and 1 site built) plus 4 rented pads and 8 more pads to place homes on.
  • Sprawling 12-acre manufactured housing community with multiple income streams.
  • Convenient location near Highway 67 with strong tenant demand and growth potential.
  • Recent renovations include new kitchens with granite, updated baths, HVAC, appliances, and more.

OVERVIEW

This 12-acre manufactured housing community presents a rare investment opportunity with immediate income and future growth potential. The property features six fully rehabbed manufactured homes—four single-wide and two double-wide units—along with one site-built home and four rented homesites. Each renovated home has been meticulously updated down to the studs, including new decking, drywall, kitchens with granite countertops, modern baths, HVAC systems, water heaters, appliances, windows, and most with new siding and roofs. These upgrades ensure long-term durability and reduced maintenance costs for the new owner. In addition to the existing income-producing units, the property includes eight vacant lots equipped with water, sewer, and electric connections, two of which have updated pads for 16x80 homes. This infrastructure provides significant upside for expansion, whether by adding new homes or leasing the pads for additional homesites. Current rental income includes homesites at $375 per month and homes ranging from $975 to $1,850 per month, creating a strong revenue base with room for growth. Conveniently located near Highway 67, this property offers accessibility and appeal for tenants while delivering a scalable investment for buyers seeking stable cash flow and long-term appreciation.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$128 USD /SF

# OF UNITS

20

PRICE/UNIT

$57,500

CAP RATE

8.39%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.58 AC

LAND SF

112,385 SF

ZONING

MHP

APN/PARCEL ID

18-5.0-22.0-0-000-009

ASK ABOUT THIS PROPERTY

Cort DietzRE/MAX BEST CHOICEMore Info
314-623-6200

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Cort DietzRE/MAX BEST CHOICEMore Info
314-623-6200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.