2902 Clay Street, De Soto, MO 63020
Local realty services provided by:CENTURY 21 Broughton Team
2902 Clay Street,De Soto, MO 63020
$530,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: tammy k derrigan
Office: worth clark realty
MLS#:26009958
Source:MO_MARIS
Price summary
- Price:$530,000
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.
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Home facts
- Year built:1940
- Listing ID #:26009958
- Added:6 day(s) ago
- Updated:March 01, 2026 at 03:55 PM
Rooms and interior
- Basement:Yes
Heating and cooling
- Cooling:Central Air
Structure and exterior
- Year built:1940
- Lot area:10.24 Acres
- Architectural Style:Low/1-2
- Construction Materials:Aluminum Siding, Frame, Steel Siding, Vinyl Siding
Schools
- High school:Desoto Sr. High
- Middle school:Desoto Jr. High
- Elementary school:Athena Elem.
Utilities
- Water:Well
Finances and disclosures
- Price:$530,000
- Tax amount:$4,149 (2025)
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