Photo of Mobile Home Park
Mobile Home Park Details
- Cap Rate: 8.1%
- Listing ID: 642124
- Posted On: Mar 7, 2016
- Updated On: May 17, 2016
Description
Marcus & Millichap is pleased to present Brookside MHP located in Centrailia, Illinois; Clinton County. The community consists of 128 sites which is currently 71% Occupied. The Water and Sewer are on Public Systems and the City bills the tenants direct.
Currently, the average rent is $146 which is well below the State of Illinois' average. Brookside MHP is being offered for $1,180,000, and the 40 Park Owned Homes have a asking price of $610,000, for a total price of $1,790,000.
Leading employeers in Centrailia include education, health care and railroad freight.
Centrailia is a half hour away from Mount Vernon with a population of 15,239.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 128 |
| Total Occupancy: | 71.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $146 |
| Size: | 17 acre(s) |
Financial Information
| Gross Income: | $161,439 |
| Operating Expense: | $66,420 |
| Net Operating Income: | $95,019 |
| Expense Ratio: | 41.1 % |
Lot Information
| Singlewide Lots: | 128 |
Utility Information
| Water: | City |
| Sewer: | City |
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