East Alton IL Mobile Home Park | St. Louis, MO MSA | Substantial Upside!

Highlights:

• 43-site mobile home park community located in East Alton, IL (St. Louis MSA).
• Significant value-add potential with opportunities to increase lot rents, sell homes to tenants, and implement rent-to-own agreements.
• Additional land included for potential development of more mobile home sites.
• Revenue growth opportunity by billing tenants for water usage, which is currently not charged.
• In-place NOI: ±$80,000, Stabilized NOI: ±$215,000
• Conveniently situated just 25 minutes from downtown St. Louis, with numerous employment and retail options nearby.
• ±200,000 people live within 10-miles of the subject property with $60,000 average household incomes.

Description:

RI Marketplace Online Auction April 28-30, 2025
Register to bid on Marketplace

https://rimarketplace.com/auction/2389/east-alton-il-mobile-home-park-st.-louis-mo-msa-substantial-upside-?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=multifamily_2389

East Alton, Illinois, is a dynamic community situated within the St. Louis, Missouri, is a bustling city located on the western bank of the Mississippi River, known for its rich history, vibrant culture, and iconic landmarks. As the largest city in Missouri, St. Louis offers a diverse array of attractions, including the Gateway Arch, world-class museums, and a thriving arts scene. Its robust economy is driven by a mix of industries such as healthcare, education, and manufacturing. St. Louis serves as a major cultural and economic hub for the region, with its well-connected transportation network linking it to neighboring cities and beyond, making it a central point for both business and leisure in the Midwest.

St. Louis, Missouri, is a bustling city located on the western bank of the Mississippi River, known for its rich history, vibrant culture, and iconic landmarks. As the largest city in Missouri, St. Louis offers a diverse array of attractions, including the Gateway Arch, world-class museums, and a thriving arts scene. Its robust economy is driven by a mix of industries such as healthcare, education, and manufacturing. St. Louis serves as a major cultural and economic hub for the region, with its well-connected transportation network linking it to neighboring cities and beyond, making it a central point for both business and leisure in the Midwest.

Scott Bowers
c/o Fisher Auction Company Inc.
License: 040000273

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