Mobile Home Park Details

  • Listing ID: 15908
  • Posted On: Aug 31, 2010
  • Updated On: Nov 19, 2010

Description

Over 50 spaces with Large lots, in Central IL near Champaign-Urbana and U. of I.
On site Manager who is capable and honest. This Park has all the Magic Ingredients as follows:

1. All homes are tenant owned. (No Park Owned Homes)
2.No Empty lots. (Good resitdents)
3. Tenants pay ALL utilites to city and public utilties. (No utility billing or collecting)
4.Well Maintained (Clean, attractive, park and homes)
5. Well Operated ( Efficient, with strict rules and regulations)
6. Well-located (In and appealing, vibrant community, with demand for affordable housing)
7. Low Expenses with high income (a good combination)!
8. Net Income now $105,000 (rounded) Great cap rate
9. A turn key operation.

Serious inquiries may call: 815-793-5981

Confidentiality Required! Owner is R.E. Broker

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Number of MH Lots: 50
Total Occupancy: 100.0 %

Utility Information

Water Paid By: Tenant - Individual Service