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Address is 1570 N 30th Street Ottawa, IL 61350

Julie Teitelbaum

Sunstone

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Ottawa-Peru IL 5 Park Portfolio

Mobile Home Park for Sale in Ottawa, Illinois

1570 N 30th Street
Ottawa, IL 61350

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Sale Price: $3,950,000
 

Contact Information

Julie Teitelbaum
Sunstone

Mobile Home Park for Sale

Number of MH Lots: 222
Size: 30 acre(s)
Status: Active
Property ID: 926456
Posted on: May 09, 2018
Updated on: May 09, 2018
Price: $3,950,000

Property Description

Sunstone is pleased to exclusively offer a portfolio of five manufactured housing communities located along the Interstate 80 corridor in the Ottawa-Peru MSA, 80 miles from Chicago. Totaling 222 rental sites, the portfolio is currently operating at 75% economic occupancy. Additional rental revenue is obtained from a store, stick built home, and 7 apartments/cabins. All properties are serviced by city water and sewer except Datti's which has well and septic. Tenants are billed back for water and sewer at all properties except Datti's and Lucas. The properties must be purchased as a portfolio, but offer significant upside through occupancy of vacant homes and lots. All assets can be operated together giving economies of scale.

Park Information

Number of MH Lots:222
Total Occupancy:75.0%
Average MH Lot Rent: $279
Size:30.0 acre(s)