2399 Us Highway 61, Festus, MO 63028

Do not disturb tenants! This property has been owned and operated by the same person for over 40 years. There 16 mobile home lots and 23 more rental homes included for a total of 39 rental units. This property generates a healthy 14% Cap!! And there is potential for another $25000 per year! This is a well known community and has a good reputation. There have been many upgrades over the recent years including all water mains and laterals (now owned by the water district), electrical meter bases and underground electric, and more. Owner is retiring and also has an adjoining commercial building with second floor apartment available also. Buy both and make your best deal!