Contact Information

Mobile Home Park Details

  • Price: $199,900
  • Purchase Method: Cash, Seller Financing, New Loan
  • Property ID: 1147076
  • Posted On: Oct 22, 2019
  • Updated On: Dec 12, 2019

Property Description

This is a great little park for a first time owner! Crab Orchard Estates currently complies with all requirements set forth by the Illinois Department of Health…and therefore is licensed and in good standing with the State of Illinois. It is also compliant for zoning in Carterville Township.

At the present time the park is licensed for 13 pads. The park presently has 12 POH’s on the premises. Seven of these POH’s are currently rented out. Six of these are long-term tenants with good payment history; the 7th is behind and most likely heading towards eviction. The POH’s all rent between $425-450 per month. All of the vacant trailers are move-in ready and are in relatively good shape. The park is on CITY WATER. The park has two septic aerators that each handles ½ of the park. The underground pipes are predominantly PVC according to the owner. The park has electric meters, gas meters, and water meters. The water bill is back billed to the tenants. The road is gravel and is in average shape…I’d guess one $300 semi-load of gravel might just take care of it.

The current owner mows the entire park. He does not provide snow removal. Carbondale is in the southern part of the state and does not receive near as much snow as other areas in the northern part of the state.

The owner is willing to carry back quite a bit of paper on this park for a qualified buyer. If you can come up with 20% the owner will carry the rest of it for you for a period of 5-15 years. We will want to see proof of funds, credit report scores, personal financial sheets, etc before going under contract. There will also be a contract clause added that the park may not be refinanced, or any senior debt added during the course of the loan that would cause owner to be in 2nd position to any lending institution.

It addition to the 13 pads there is space for another 8-10 pads across the road. The acreage across the street does not have any infrastructure in place at the current time, but should provide future growth opportunities for the next owner. The park has an irregular shape as you can see. We are trying to contract the owners of the two vacant lots on the west side of the property so see if they have interest in selling as well.

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

Park Information

Community Type: All Age
Number of MH Lots: 13
Total Occupancy: 54.0 %
Year Built: 1960
Average MH Lot Rent: $425
Size: 3.1 acre(s)

Lot Information

Singlewide Lots: 13
Doublewide Lots: 0
Triplewide Lots: 0

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 12
Average Rent for Park-owned Homes: $450

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