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Address is 1211 W Locust Street Belvidere, IL 61008

Erin Stevenson

Sunstone MH Consultants

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Bel-Bo Mobile Home Park

Manufactured Home Community for Sale in Belvidere, Illinois

1211 W Locust Street
Belvidere, IL 61008

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Sale Price: $700,000
 

Contact Information

Erin Stevenson
Sunstone MH Consultants
www.sunstonemhc.com

Mobile Home Park for Sale

Number of MH Lots: 28
Size: 2.7 acre(s)
Status: Sale Pending
Property ID: 829477
Posted on: Jul 05, 2017
Updated on: Aug 21, 2017
Price: $700,000

Property Description

Bel-Bo is a 28 space, all-age community located in Belvidere, IL, less than 15 miles east of Rockford and 80 miles northwest of Chicago. The property is currently operating at 100% economic occupancy at $315 lot rents. Effective 8/1/17, lot rents will increase to $330. Water and sewer are provided by the city, individually metered, and billed back to residents. Trash service is included in the rent. Included in the sale is a block-built building which currently houses the management office, maintenance living quarters, storage, and laundry facilities.

100% Occupied Municipal Water and Sewer All Resident Owned Homes Upside Through Future Rental Growth

Park Information

Number of MH Lots:28
Total Occupancy:100.0%
Year Built:1950
Average MH Lot Rent: $315
Size:2.7 acre(s)

Utility Information

Water:City
Water Paid By: Tenant - Submetered
Sewer:City

Amenities and Other

Laundromat: Yes