$37,000
$39,900
7.3%For more information regarding the value of a property, please contact us for a free consultation.
1 E. Locust St Paris, MO 65275
1.04 Acres Lot
Key Details
Sold Price $37,000
Property Type Multi-Family
Sub Type Multi-Family 2-4
Listing Status Sold
Purchase Type For Sale
Subdivision Mcbrides Addition
MLS Listing ID 19033012
Sold Date 05/30/19
Construction Status 48
Year Built 1971
Building Age 48
Lot Size 1.040 Acres
Acres 1.04
Property Description
Mini trailer park in Paris, MO by the Paris Fairgrounds. There are four dwellings on the property, two are owned by the current owner and the other two are owned by the tenants. The two that are not owned by the seller pay a monthly lot rent. The other two mobile homes that are owned by the seller have tenants in them paying 300 a month each. Between all the tenants, the property brings in $695 a month. There are three additional open lots that could potentially be used for more income. At full asking price and all of the properties rented for 12 months it would be a 20.9% gross return on your investment.
Please setup an appointment before looking. All properties are occupied and tenants do not want to be disturbed.
Location
State MO
County Monroe
Area Paris R-2
Interior
Heating Forced Air
Cooling Electric
Fireplace N
Building
Sewer Public Sewer
Water Public
Construction Status 48
Schools
Elementary Schools Paris Elem.
Middle Schools Paris Jr. High
High Schools Paris High
School District Paris R-Ii
Others
Ownership Private
Acceptable Financing Cash Only, Conventional
Listing Terms Cash Only, Conventional
Special Listing Condition None
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Bought with Daniel Miller