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Address is 505 North Division Street Charleston, IL 61920

Julie Teitelbaum

Sunstone

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Eastern Estates

Mobile Home Community for Sale in Charleston, Illinois

505 North Division Street
Charleston, IL 61920

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Sale Price: $1,425,000

Contact Information

Julie Teitelbaum
Sunstone

Mobile Home Park for Sale

Number of MH Lots: 67
Size: 6.9 acre(s)
Status: Sale Pending
Property ID: 977222
Posted on: Aug 07, 2018
Updated on: Sep 24, 2018
Price: $1,425,000

Property Description

Eastern Estates is a 67 unit manufactured home community located in Charleston, Illinois, county seat of Coles county and home to Eastern Illinois University which has over 12,000 students. The property has seen high demand for affordable housing and is currently operating at 88% occupancy. The property also maintains a  large waiting list of tenants looking for homes. In addition, city water and sewer service are directly billed to tenants by the city, and the community provides trash pickup as part of the rent. The property backs up to a public park and baseball field. The property is being sold in conjunction with the portfolio of home contracts and rental homes.

Park Information

Number of MH Lots:67
Total Occupancy:88.0%
Year Built:1970
Average MH Lot Rent: $275
Size:6.9 acre(s)

Utility Information

Water:City
Sewer:City