Contact Information

Mobile Home Park Details

  • Price: $1,400,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 10.0%
  • Property ID: 1413505
  • Posted On: Mar 26, 2021
  • Updated On: Mar 26, 2021

Property Description

Westwind Estates Mobile Home Park is for sale.
IDPH licensed for 43 lots. All lots are occupied
One home, 3 car garage and 400 sq ft shop

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 %
Debt Info

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