Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Cap Rate: 8.1%
  • Listing ID: 642124
  • Posted On: Mar 7, 2016
  • Updated On: May 17, 2016

Description

Marcus & Millichap is pleased to present Brookside MHP located in Centrailia, Illinois; Clinton County. The community consists of 128 sites which is currently 71% Occupied. The Water and Sewer are on Public Systems and the City bills the tenants direct.

Currently, the average rent is $146 which is well below the State of Illinois' average. Brookside MHP is being offered for $1,180,000, and the 40 Park Owned Homes have a asking price of $610,000, for a total price of $1,790,000.

Leading employeers in Centrailia include education, health care and railroad freight.

Centrailia is a half hour away from Mount Vernon with a population of 15,239.

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Park Information

Community Type: All Age
Number of MH Lots: 128
Total Occupancy: 71.0 %
Year Built: 1970
Average MH Lot Rent: $146
Size: 17 acre(s)

Financial Information

Gross Income: $161,439
Operating Expense: $66,420
Net Operating Income: $95,019
Expense Ratio: 41.1 %

Lot Information

Singlewide Lots: 128

Utility Information

Water: City
Sewer: City

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