Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 809025
- Posted On: May 4, 2017
- Updated On: Apr 9, 2018
Description
• Harvest Estates MHC offers 30 mobile home sites plus 1 single-family home situated on 3.18 acres only 45 minutes south of downtown Chicago, with an MSA of 9.6 million people.
• Offering includes a single-family home that is rented for $900 per month and two occupied inventory homes.
• Stable, coupon clipper in strong MHC market with subject property currently under market with rents at only $380 per month. Sunny Acres MHC is just down the road from Harvest Estates and charges $520 for lot rent including water, sewer, and trash.
• Community has only two park-owned homes, both of which are occupied. The home rents average $218 above lot rent.
• There is currently a local manager who is paid a management fee of 8%.
• Utilities are private with well water and five septic tanks.
• Excellent demographics with an average household income of $78,868 and average home value of $182,749 within a one-mile radius of the property.
Location
• Manteno sits about 45 minutes south of downtown Chicago and 20 minutes north of Kankakee, the county seat.
• Manteno offers residents proximity to several major employers including a Kmart distribution center, Sears distribution center and many of the county’s largest employers a short drive away in Kankakee.
• Kankakee County had a population of 110,879 as of 2015 according to the U.S. Census Bureau.
• Residents can enjoy a variety of shopping and entertainment including the Northfield Square Mall, which has over 65 shops anchored by Carson’s, JCPenney and Sears.
• Several national chains are in the area including three Starbucks locations, Target, McDonald’s, and Walmart Supercenter.
• Both Olivet Nazarene University and Kankakee Community College are within 25 minutes of the community. Olivet offers 240 areas of study with an enrollment of 4,900.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 30 |
| Size: | 3 acre(s) |
