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Timberlane Park 700 Gold River Avenue, Rockford, IL 61102

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Mobile Home Park Details

  • Purchase Method: Cash
  • Listing ID: 798117
  • Posted On: Mar 27, 2017
  • Updated On: Jul 27, 2017

Description

A 31 space Mobile Home Park, named Timberlane Park, on IL Rte 2 and Gold River Ave South of Rockford, IL with 15 rented spaces at $300, 15 owned older mobile homes, 7 of which are rented from $350 to $500 and 9 older mobile homes that need work or need to be replaced. Current income is $92,700 with $20,602 expenses. Park contains 10.44 acres in the country and needs work and TLC.

Amenities

  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 31
Total Occupancy: 71.0 %
Year Built: 0
Average MH Lot Rent: $300
Size: 10 acre(s)

Financial Information (Actual)

Gross Income: $92
Operating Expense: $20
Net Operating Income: $72
Expense Ratio: 21.7 %
Debt Info: none

Lot Information

Singlewide Lots: 30
Doublewide Lots: 1
Triplewide Lots: 0
Park Model Lots: 0

RV Information

Number of RV Lots: 0

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 16
Average Rent for Park-owned Homes: $465