2902 Clay St de Soto, MO 63020
Estimated payment $3,077/month
Highlights
- No HOA
- Central Air
- Garage
- Shed
- Ceiling Fan
About This Home
Caesar's Country Acres is an all-age community located in De Soto, Missouri, approximately 45 miles south of St. Louis. The property includes two tax parcels situated on 10.24 peaceful acres, and features 14 income producing units: 4 cottages, 8 park-owned mobile homes, and 2 pad rentals with tenant-owned mobile homes on them. See supplements or photos for details on the beds/baths, rents, and improvements done during the sellers’ ownership. Outbuildings include a 40x30 storage barn (currently unused) with 16x8 garage door, and three storage sheds (two currently unused). Caesars Country Acres is served by a well system and a wastewater stabilization lagoon system, both of which are in good working order. The lagoon, located at the rear of the property, is a septic 3-cell treatment plant that is tested quarterly. Zoning is R-40 (see supplements for full detail). Potential value add plays could include raising lot rents, selling park-owned homes to tenants (on contract or outright) to lower operating costs, improving insurance costs, improving garage to rent as secured storage, renting the unused sheds, updating unrenovated units / raising rent as units turn, and expansion. There is potential for 26 additional pads (check with the county for specific requirements); utilities are already sized for more pads. The park-owned mobile homes are unattached and thus taxed as personal property – a savings for the buyer. Occupancy rates are very high, retention is strong, and unit turns are short. The homes are older but many are newly renovated and in good shape.
Current monthly rents total $8920; there is currently one vacancy, a cottage that’s being renovated by a laborer/tenant in lieu of rent. With existing rents and a pro forma $820 for the cottage, the annual operating income is $116,880. Less operating expenses of $53,241, that’s an NOI of $63,739 – a 12.02% cap rate at asking price. De Soto is in Jefferson County, is one of the fastest growing counties in state. The city is known as “Fountain City” because of the numerous artesian wells. Union Pacific Railroad, Wal-Mart and De Soto SD are the largest employers.
Property Details
Home Type
- Manufactured Home
Est. Annual Taxes
- $4,149
Year Built
- Built in 1940
Home Design
- Frame Construction
- Aluminum Siding
- Steel Siding
- Vinyl Siding
Parking
- Garage
- Driveway
- Off-Street Parking
Outdoor Features
- Shed
- Outbuilding
Schools
- Athena Elem. Elementary School
- Desoto Jr. High Middle School
- Desoto Sr. High School
Mobile Home
Utilities
- Central Air
- Well
Additional Features
- Ceiling Fan
- 10.24 Acre Lot
- Residence on Property
Listing and Financial Details
- Assessor Parcel Number 23-8.0-28.0-0-000-019
Community Details
Overview
- No Home Owners Association
- 12 Buildings
- 14 Units
- Low-Rise Condominium
Building Details
- 14 Leased Units
- Other Expense $53,241
- Net Operating Income $63,739
Map
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,145 | $17,000 | $15,700 | $1,300 |
| 2024 | $1,145 | $16,900 | $15,700 | $1,200 |
| 2023 | $1,145 | $16,900 | $15,700 | $1,200 |
| 2022 | $3,173 | $46,900 | $25,500 | $21,400 |
| 2021 | $0 | $46,900 | $25,500 | $21,400 |
| 2020 | $3,262 | $46,900 | $25,500 | $21,400 |
| 2019 | $3,260 | $46,900 | $25,500 | $21,400 |
| 2018 | $3,249 | $46,900 | $25,500 | $21,400 |
| 2017 | $3,082 | $46,900 | $25,500 | $21,400 |
| 2016 | $3,070 | $46,900 | $25,500 | $21,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/22/2026 02/22/26 | For Sale | $530,000 | +51.5% | -- | |
| 11/09/2021 11/09/21 | Sold | -- | -- | -- | View Prior Sale |
| 10/01/2021 10/01/21 | Pending | -- | -- | -- | |
| 08/06/2021 08/06/21 | Price Changed | $349,900 | +2.9% | -- | |
| 08/06/2021 08/06/21 | For Sale | $339,900 | -- | -- |
Source: MARIS MLS
MLS Number: MIS26009958
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Based on information submitted to the MLS GRID
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