6104 Busiek Road

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Address: 6104 Busiek Rd, Farmington, MO 63640, USA

Chicago & Midwest + Apartment Buildings

Created date: September 3, 2024

Date last updated: December 2, 2024

8.8% asking CAP rate
Approximately 75 miles south of downtown St. Louis and built in 2001
Potential for 23 to 25 expansion sites
Majority of roads are paved with off street parking – new section currently has gravel roads
Water and sewer lines are in-place to accommodate expansion sites

Property Description

Sunstone proudly presents the sale of Walnut Grove Mobile Home Park, a 91-site, all-age community in Farmington, Missouri with expansion potential of 23 to 25 additional sites. Situated on 28 acres, this property is located approximately 75 miles south of downtown St. Louis. Currently, there are 27 tenant owned homes and 39 park-owned home rentals. The remaining 25 sites consist of stick-built homes on concrete foundations. The stick-built homes were constructed by the Seller and are permanently affixed to the ground. The real estate and home portfolio must be purchased in conjunction. The community is on well water and an on-site sewer treatment plant. The surrounding area has a population of 93,294 within a 20-mile radius.

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Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$4,470,000
No. of Units:	91
Lot Size:	28.00 Sq ft
Opportunity Zone:	No
Price per unit:	$49,121
Property Website	Click Here