Investment Highlights - 65 lots across two parks - 11 Park Owned Homes - NOW TO INCLUDE 5 unit apartment complex - City Utilities - High Demand - Family Friendly - Prime Real Estate Lebanon, Missouri is less than one hour Northeast of Springfield, MO. Lebanon is intersected by interstate 44, the major interstate from Springfield to St. Louis. The city is growing and economically growth is strong. There is a high demand for affordable housing. This package includes two parks! Plaza Park sits right off interstate 44 with 47 lots. Shady Oaks is just right outside the city limits with 18 lots. The two properties have a wonderful reputation and are very family friendly. July 2016 rent charges were $8480. Lot rent is $155. Park pays sewer, water and trash. Lots are individually metered and water/sewer could be billed back in the future. There are 11 park owned homes in rent credit programs, therefore decreasing expenses for new owner. Plaza Park Estates and Shady Oaks Estates offers a great upside opportunity to continue to increase occupancy, move additional utilities to tenants and increase rents. Buyer also has opportunity to develop the four plex with house as it is currently vacant. This is prime real estate and can be seen from interstate 44. This investment is perfect for the buyer who enjoys increasing the bottom line!
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