Contact Information

Mobile Home Park Details

  • Price: $1,195,000
  • Property ID: 1422597
  • Posted On: Apr 14, 2021
  • Updated On: Apr 14, 2021

Property Description

Sunstone is pleased to offer for sale Specialville Estates located in the Chicago Suburb of Dixmoor, Illinois. The property presents an add-value opportunity through occupancy growth and rent increases. The asset is serviced by City Water and Sewer and billed back to the residents. Lot rent is well over $100 below market comparables in the area. The property is located in an Opportunity Zone which allows investors to defer taxes on capital gains invested in these areas. There are 5 homes included in the sale. However, 3 were financed through the 21st Mortgage CASH Program. A Buyer will have to either step into the Seller's liability position or payoff 21st Mortgage at closing.

Location

HIGHLIGHTS
Located in an Opportunity Zone
Current lot rent $545; 7/1/21 lot rent $563; Surrounding market lot rents in excess of $700
Value-add opportunity through occupancy and rent growth
Suburban Chicago location in South Suburbs
Current occupancy 67%

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Park Information

Community Type: All Age
Number of MH Lots: 36
Total Occupancy: 67.0 %
Average MH Lot Rent: $545
Size: 3 acre(s)

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