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Address is 1211 W Locust Street Belvidere, IL 61008

Julie Teitelbaum

Sunstone

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Bel-Bo

Mobile Home Community for Sale in Belvidere, Illinois

1211 W Locust Street
Belvidere, IL 61008

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Sale Price: $700,000

Contact Information

Julie Teitelbaum
Sunstone

Mobile Home Park for Sale

Number of MH Lots: 28
Size: 2.7 acre(s)
Status: Active
Property ID: 972320
Posted on: Jul 25, 2018
Updated on: Jul 25, 2018
Price: $700,000

Property Description

Bel-Bo is a 28 space, all-age community located in Belvidere, IL, less than 15 miles east of Rockford and 80 miles northwest of Chicago. The property is currently operating at 100% economic occupancy at $330 lot rents. Effective 8/1/18, lot rents will increase to $345. Water and sewer are provided by the city, individually metered, and billed back to residents. Trash service is included in the rent. Included in the sale is a block-built building which currently houses the management office, maintenance living quarters, storage, and laundry facilities.

Highlights:
100% Occupied
Municipal Water and Sewer
All Resident Owned Homes
Upside Through Future Rental Growth

Contact Julie@Sunstonerea.com to sign a CA.

Park Information

Number of MH Lots:28
Total Occupancy:100.0%
Year Built:1950
Average MH Lot Rent: $330
Size:2.7 acre(s)

Utility Information

Water:City
Water Paid By: Tenant - Submetered
Sewer:City