Rare opportunity to acquire a stable, cash-flowing mobile home park in Champaign County with immediate upside. The quiet community includes 12 pads (10 occupied, 1 nearly ready for sale, 1 vacant SFR for renovation/lease-up). All mobile homes are tenant-owned or owner-financed, resulting in zero mobile home maintenance costs. Current lot rent is $450/month, plus $25,000 in mobile home mortgages not included in the cap rate.
Recent improvements include over $150,000 invested in plumbing and gas line replacements, expanded parking, new lighting, and property cleanup. Utilities are tenant-paid (water rebilled, direct gas & electric).
Current operations support an 11.1% cap rate with 16%+ pro forma, plus seller is open to holding a $50,000 second note at 6% interest-only, 3-year balloon. Attractive entry price of just $26,250 per residence with value-add potential.
As of December 2025, all tenants are up to date on rent. Seller will guarantee two months of rental income for all currently occupied units, after purchase date.
