216 Cedar Cv Ln

• 9.0% asking CAP rate – 2 hours south of downtown St. Louis
• All 15 sites are occupied park-owned home rentals averaging $760 per month
• Includes one apartment building with 6 units – 5 at $800 and 1 at $850 per month
• Property was built in 2010
• Water is public and sewer is private lagoon
• Water and electric is direct billed to residents

Property Description

Sunstone proudly presents the sale of Cedar Cove Mobile Home Park, a 15-site and 6 apartment unit, all-age community in Burfordville, Missouri. Situated on 10.5 acres with gravel roads, this property is located two hours south of downtown St. Louis and 30 minutes northwest of Cape Girardeau. All 15 sites are occupied park-owned home rentals. The average rent is $760 per month with an average home age of 1998. The real estate and home portfolio must be purchased in conjunction. The community is on public water and sewer is a non-discharge lagoon with minimal to no maintenance required. The surrounding area has a population of 102,619 within a 20-mile radius.