Contact Information

Julie Simon

Sunstone Real Estate Advisors

CONTACT BROKER

Price: $3,950,000
Listing ID: 5892749
Posted On: May 24, 2024
Updated On: May 31, 2024

Description

Sunstone is pleased to presents for sale Kickapoo Village Mobile Home & RV Community located in the St. Louis MSA market of Bethalto, Illinois. The property contains 89 rentable sites catering to manufactured homes and 30+ day RV stays. Located near the Bethalto commercial district and economic demand drivers like the Wood River Oil Refinery and St. Louis regional airport, the community offers quiet living close to resource and job opportunities. The property is currently 95% occupied with below average rental rates for the area offering a new owner operational upside to increase both occupancy and rents. Water and sewer service is municipal and is being billed back based upon submetered usage. Electricity service is billed back to RV tenants only; mobile home units pay directly to the utility provider. The community has onsite management and maintenance that run the day to day operations.

Park Sale Price: $3,950,000
Homes Sale Price: $250,000
Total Price: $4,200,000

Location

89 Site MHC & RV Community with 95% Current Occupancy
Municipal Water & Sewer that is Submetered and billed based on Usage
Strong demand from long-term RV stays and MHC tenants working at the Wood River Oil Refinery, located 5 miles away, producing 200K barrels per day.
Additional demand generators include the St. Louis Regional Airport, Walmart, and various retail & restaurants.
Onsite manager in place, with below-market rental rates offering operational occupancy upside for a new owner.

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