2902 Clay Street, De Soto, MO 63020

Property Description

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.

Listing Status:

Active

Date Added:

February 22, 2026

Data Last Updated:

March 28, 2026 at 2:16AM

Listing Office:

Worth Clark Realty : 314-222-0065

MLS ID:

26009958

Interior

• Basement: None
• A/C: Ceiling Fan(s)Central Air

Exterior

• Style: Low/1-2
• Other Structures: Equipment ShedGarage(s)Mobile HomeOutbuildingResidence(s)Shed(s)
• Parking: DrivewayGravelOff Street

Construction

• General: Aluminum SidingBlockFrameSteel SidingVinyl SidingLow/1-2

Location

• Originating MLS: maris2
• School District: Desoto 73
• County: Jefferson

Lot

• Zoning: PT NE1/4 SE1/4 PT IN SEC 27 CAESARS23-8.0-28.0-0-000-019

Utilities

• Water: Well

Financial

• Source: maris2