2902 Clay Street, De Soto, MO 63020
Local realty services provided by:CENTURY 21 Premiere Realty
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, and updating unrenovated units / raising rent as units turn. 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....
Contact an agent
Home facts
- Year built:1940
- Listing ID #:26009958
- Added:59 day(s) ago
- Updated:April 23, 2026 at 03:11 PM
Rooms and interior
- Basement:Yes
Heating and cooling
- Cooling:Central Air
- Central air:Yes
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)
Parking
- Parking description:Off Street
New listings near 2902 Clay Street
- Coming Soon
$99,900Coming Soon2 beds 1 baths4153 Ridge Drive, De Soto, MO 63020
MLS# 26010740Listed by: WORTH CLARK REALTY - New
$89,900Active1 beds 1 baths616 sq. ft.129 E Pratt Street, De Soto, MO 63020
MLS# 26022839Listed by: TRIPLE CREEK REALTY LLC - New
$997,500Active4 beds 3 baths2,000 sq. ft.2551 Yellow Rock Road, De Soto, MO 63020
MLS# 26024676Listed by: WHITETAIL PROPERTIES REAL ESTATE, LLC - Coming Soon
$325,000Coming Soon3 beds 2 baths201 W Lakeview Drive, De Soto, MO 63020
MLS# 26023578Listed by: FREEDOM REALTY MO, LLC - Coming Soon
$485,000Coming Soon-- beds 1 baths12971 Cowboy Drive, De Soto, MO 63020
MLS# 26024572Listed by: FREEDOM REALTY MO, LLC - Coming Soon
$349,900Coming Soon3 beds 2 baths1645 Brandywine Drive, De Soto, MO 63020
MLS# 26021637Listed by: NETTWORK GLOBAL - Coming Soon
$350,000Coming Soon5 beds 2 baths16 Monte Rosa Drive, De Soto, MO 63020
MLS# 26023653Listed by: EXIT ELITE REALTY - Coming Soon
$549,000Coming Soon3 beds 3 baths15689 State Road T, De Soto, MO 63020
MLS# 26023706Listed by: NETTWORK GLOBAL - New
$55,000Active2 beds 1 baths444 sq. ft.213 Amvets Drive, De Soto, MO 63020
MLS# 26023591Listed by: GATEWAY REAL ESTATE - New
$165,000Active2 beds 1 baths775 sq. ft.615 Perry Street, De Soto, MO 63020
MLS# 26023556Listed by: RE/MAX BEST CHOICE