AUCTIONEER’S NOTE: Tired of little or no return on your money? Here’s one that will work! The work’s all done, income in 30 days, nice clean park, all sites rented but one and nice home to live in or rent out. See you at the sale. David, Dusty & Bill
REAL ESTATE AUCTION
* 5.89 ACRES M/L * CROSS TRAILS MOBILE HOME PARK * 1 ½ STORY HOME *
GREAT INVESTMENT PROPERTY
Real Estate: 5.89 acres m/l in Section 28 TWP 39N R 7E in St. Genevieve County
Improvements include an 8 room, 1 ½ story home w/4 bedrooms (3 on second level), 2 full baths, approx. 2691 sq. ft. of living space with living room, kitchen, recreation room & an attached garage on a concrete slab. The home is total electric w/400 amp service & vinyl siding, that’s move in ready.
Mobile home park – Cross Trails Court – includes 13 pads & approved for 1 more pad. 12 pads are rented & 8 mobile homes are owned & rented & included in sale. 1 – 1993, 1 – 1994, 2 – 1996, 1998, 1999, 2000, all single wides have titles except one w/no title, just bill of sale. Homes are presently rented as follows: 2 @ $350 per month, 1 @ #375 per month & 5 @ $400 per month. Pads only, are 3 @ $155 per month and 1 for double wide @ $165 per month. 1 lot is vacant, plus there is 1 RV hook up available on tract by residence.
The property features county water (each pad has a separate meter), DNR filter plant for septic & owner furnishes trash pickup @ $161 per month, total. All pads have their own meter for electric.
Based on the above numbers, the park is bringing in $3705.00 per month, not including any income on the residence as the Schierhoffs used the home as their residence. But conservatively, it should rent for $600 per month, for a total income of $4305.00 per month.
Folks, here’s a money maker. Use it all for rentals or live in the home and manage the park. It’s all set up, a nice clean park. Great location with easy access to Hwy I-55. Great location only 15 miles to Festus, 4 miles to Kinsey & 4 miles to Bloomsdale. The property is in the Bloomsdale Elementary School District & St. Genevieve High School and again, sits at the intersection of Hwy. OO & Hwy. 61.
NOTE: Due to the law on lead based paint & lead based paint hazards on any home built prior to 1978, any inspections for lead base paint by a purchaser must be done 10 days prior to the auction. Buyers will be given an EPA pamphlet & will be required to sign a disclosure acknowledging that you were given the information.
OPEN HOUSE is Thursday September 21, 2017 from 5:00 to 7:00 P.M. or by appointment.
Terms: 10% down day of sale with the balance of cash at closing on or before 30 days after the sale with possession at closing.
OWNERS: JAMES & CATHERINE SCHIERHOFF
All buyers will be photographed.
Terms: Cash or Good Check with Current Photo ID.
Out of State Photo IDs and Out of State Checks must be accompanied with a Bank Letter of Credit.
We do not accept Cashier Checks.
Owner & Auction personnel not responsible for accidents day of sale!
Announcements made day of sale take precedence over any advertisement!