STE. GENEVIEVE ESTATES – $200,000

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STE. GENEVIEVE ESTATES – $200,000

List price of $200,000 ($22,222 per unit)  

205 South 10th Street, Ste Genevieve 63670 

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!

Call listing agent to learn more and schedule a tour

Download Property Flyer

Contact Timothy McCarthy at 636-699-5668 or tmccarthy@salientrealtygroup.com with any questions.