Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Property ID: 1137724
  • Posted On: Sep 24, 2019
  • Updated On: Jun 22, 2020

Property Description

East Z Living Mobile Home Park is a 21 space community conveniently located just off I-88 on Route 30 in Rock Falls, IL. The park is serviced by city water and city sewer systems. Each pad has its own meters for electric, water, and gas; all utilities are direct billed to the tenants. Current owners have significantly improved the cosmetic appeal of the park and have created a strong community of renters that make timely monthly payments and follow park rules. Lot rents are $275/month, with room for increase. Minimal time investment and can be managed from afar.

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Park Information

Community Type: All Age
Number of MH Lots: 21
Total Occupancy: 85.0 %
Average MH Lot Rent: $275

Financial Information (Actual)

Gross Income $48,000
Operating Expense $24,000
Net Operating Income $24,000
Expense Ratio 50.0 %
Debt Info

Lot Information

Singlewide Lots: 21

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

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