Home Details for 111 Devan Drive

Income-producing, state-licensed mobile home park on 8.8 acres featuring 8 doublewide homes with room to grow. Current homes utilize only about half of the acreage, leaving a substantial expansion area that has already been surveyed and approved for up to 8 additional doublewides. The expansion is permitted through the State and already included in the mobile home park license-a major value add that can be difficult to obtain. The property also offers a commercial-front area with a large 90' x 280' concrete pad, providing added flexibility for future use (subject to local requirements). Average rent is approximately $800 per unit. Each home is on city waterwith a water main sized to support additional homes; Ameren is the electric provider. Homes are served by individual septic systems (no city sewer). All existing homes carry the mobile home privilege tax, and the additional approved home sites would as well if installed. Property tax averages ~$150 per home annually, with land tax approximately $2,500/year (buyer to verify). A rare opportunity to purchase an established park with immediate cash flow and built-in expansion potential.

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