Mobile Home Park Details

Purchase Method: Cash, New Loan
Listing ID: 3971322
Posted On: Nov 10, 2023
Updated On: Feb 16, 2024

Description

Mock Mobile Home Park is a smaller 10-pad affordable home community located on approximately 2.42 acres on the outskirts of Toledo, IL (Charleston–Mattoon Micropolitan Statistical Area.) The park was developed in 1978. The property is zoned 0061 (vacant commercial lots) and the park is presently in compliance. The park is not located in a flood zone.

The pads will accommodate 70' foot trailers. There are no vacant trailers that need to be removed. Of the 10-pads in the park, four are occupied TOH's averaging $300/month. There are currently six vacant pads. The rent for the TOH's has not been raised since 2020. The park utilizes utilizes month/month (TOH) leases. Currently none of the tenants are behind in rent. Tenants pay rent by mailing a money order to the owner.

Mock Mobile Home Park is on city water and city sewer!!! The underground pipe material is plastic. The electrical pedestals are 100 amps. The park has water, electric, & gas meters to each pad and they are all billed directly from the provider. The roads through the park are a gravel and the road is maintained by the park. The tenants are responsible for mowing their own space. The park mows the empty pads and common spaces. The park takes care of snow removal (as needed). Yard maintenance is done by a local 13-year old who charges $100/week during the growing season. Snow removal is $40/snow as needed.

The current owner of Mock Mobile Home Park has owned the property for three years. During that time they have cleaned up the park by removing a vacant trailer. If they were to maintain ownership of the parks they would focus on these improvements:

•Continue to infill the park
•Add a sign

Location

Toledo, IL is located:

18 miles from Charleston, IL
21 miles from Mattoon, IL
21 miles from Effingham, IL
124 miles from Indianapolis, IN
124 miles from St. Louis, MO
200 miles from Chicago, IL

Toledo is a village in and the county seat of Cumberland County, Illinois. The population was 1,161 at the 2020 census.

Toledo is part of the Charleston–Mattoon Micropolitan Statistical Area, as well as the Effingham Micropolitan Statistical Area.

The unemployment rate in Toledo is 5.0% (U.S. avg. is 6.0%). Recent job growth is Positive. Toledo jobs have increased by 2.5%.

Compared to the rest of the country, Toledo's cost of living is 27.9% lower than the U.S. average.

Average Commute time is 22.4 minutes. The National Average is 26.4 minutes.

Home appreciation the last 10 years has been 7.9%.

Toledo public schools spend $9,350 per student. The average school expenditure in the U.S. is $12,383. There are about 15.8 students per teacher in Toledo.

Here are the largest employers in the Charleston-Mattoon Micropolitan Statistical Area:

•Sarah Bush Lincoln Health Center (2447 employees) Hospital/Medical Campus
•Eastern Illinois University (1250 employees) State University
•Lake Land College (400 FT, 571 PT employees) Community
College
•Rural King (600 employees) Warehouse/Distribution/Corporate/Retail
•Mattoon School District (432 employees) K-12 School System •Charleston School District (300 employees) K-12 School System •Consolidated Communications (292 employees) Telecommunications
•First Mid Bank & Trust (270 employees) Banking and Wealth Management
•Blue Cross Blue Shield (225 employees) Regional Call Center/Service Center
•Spherion (221 employees) Call Center/Service Center
•Coles County (180 employees) County Government
•Mars Petcare (140 employees) Pet Food Production

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