Mobile Home Park Details

  • Property ID: 1144410
  • Posted On: Oct 11, 2019
  • Updated On: Nov 22, 2019

Property Description

• Russell Mobile Home Community has gone through a tremendous turnaround and the current owner has done the heavy lifting, including cleaning up the tenant base, changing out the management staff, and rehabbing homes.
• Future opportunity for a buyer to focus on property-stabilizing operations such as moving rents up and converting rental homes to home ownership.
• This low-density park is an all-age community with 39 park owned homes that have an average monthly payment of approximately $290. The park owned homes are included in the sales price.
• Property is on municipal utilities. Homes are metered for electricity, sewer, and water, for which tenants are direct billed.
• The Midwest Fertilizer Company is in the process of locating a $2.8 billion state-of-the-art manufacturing plant in Mount Vernon that should bring up to 2,500 construction jobs and 185 permanent, highpaying jobs.
• The median household income is near $50,000 within a five-mile radius of the property.

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Park Information

Community Type: All Age
Number of MH Lots: 62
Size: 12 acre(s)

RV Information

Number of RV Lots: 4

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