Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 10.0%
- Listing ID: 1413505
- Posted On: Mar 26, 2021
- Updated On: Dec 13, 2021
Description
Westwind Estates Mobile Home Park is for sale.
IDPH licensed for 43 lots., One home, 3 car garage and 3000 sq ft shop
As of 9/15 I only have one home (of 43) to complete and sell, I have spend the last 9 months preparing this property to operate at maximum capacity.
I am in good standing with the state of Illinois, IDPH, IEPA, McLean County and privilege taxes.
Location
Westwind Estates Mobile Home Park is for sale.
15 Minutes North of Bloomingtin/Normal
2 miles from I-55 in a country setting.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 43 |
| Total Occupancy: | 94.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $325 |
| Size: | 16 acre(s) |
Financial Information (Actual)
| Gross Income: | $239,000 |
| Operating Expense: | $46,000 |
| Net Operating Income: | $193,000 |
| Expense Ratio: | 19.2 % |
Lot Information
| Singlewide Lots: | 23 |
| Doublewide Lots: | 20 |
RV Information
| Number of RV Lots: | 2 |
| Average RV Lot Rent: | $400 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Treatment Plant |
Park-Owned Homes
| Number of Park-owned Homes: | 19 |
| Average Rent for Park-owned Homes: | $550 |