Contact Information

Mobile Home Park Details

  • Price: $700,000
  • Property ID: 972320
  • Posted on Jul 25, 2018

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

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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

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