Contact Information

Emily Sumner
Sumner Pointe Mobile Home Park

Mobile Home Park Details

  • Price: $1,250,000
  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 6.0%
  • Listing ID: 3977712
  • Posted On: Nov 10, 2023
  • Updated On: Nov 12, 2023



38 Pads, on approximately 4 acres, located in Carlinville, IL, 40 Miles from Springfield, IL and one hour from St. Louis, MO.

Property has CITY WATER AND CITY SEWER, and all utilities are directly billed to each tenant directly from the utility company.

Tenants are all set up for electronic payments, and the historical collection rate is 96% over the past 24 months.

The monthly gross income is $11,810 with only 30 of the 38 units being occupied, providing a nice opportunity for future growth.

Average lot rent is $380

38 Pads
30 Occupied Homes
26 Tenant Owned Homes
6 Vacant Park Owned Homes
4 Occupied Park Owned Homes
2 Vacant Pads

Consistent management in place. Current manager has been steadily operating the park for the last three years.


Purchase Price: $1,250,000
Down Payment: $300,000
Cap Rate: 6%

*Seller will consider Owner Financing for qualified buyers.
8% Interest only.
Balloon: 5 Years


October 2023 - Gross Income: $11,810
2022 - Annual Income: $137,715.33
NOI: $74,999.92


Located in Carlinville, IL, 40 Miles from Springfield, IL and one hour from St. Louis, MO.

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

Park Information

Community Type: All Age
Number of MH Lots: 38
Total Occupancy: 79.0 %
Average MH Lot Rent: $380
Size: 4 acre(s)

Financial Information (Actual)

Net Operating Income: $74,999

Lot Information

Singlewide Lots: 36
Doublewide Lots: 2

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

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