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Address is 353 W. Monroe Monticello, IL 61856

Jon Fisher

Coldwell Banker (IL) Halderman's Real Estate (IN)

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Monticello MHP

Mobile Home Community for Sale in Monticello, Illinois

353 W. Monroe
Monticello, IL 61856

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Sale Price: $309,900

Contact Information

Jon Fisher
Coldwell Banker (IL) Halderman's Real Estate (IN)

Mobile Home Park for Sale

Number of MH Lots: 17
Size: 1.4 acre(s)
Purchase Method: Cash, New Loan
Status: Active
Property ID: 981818
Posted on: Aug 21, 2018
Updated on: Sep 11, 2018
Price: $309,900

Property Description

PERFECT investment opportunity for new or smaller investors!!! This clean little “mom & pop” park sits on (1.38 acres) in beautiful Monticello, IL. This is a 17 pad unit that is currently at 77% capacity and has good cash flow…and some upside to it as well. All of the trailers in the park are owned by the tenants. The park sits in the southwest corner of Monticello just blocks away from the high school & athletic facilities. The owner of the park lives locally so he has been managing the park himself. There is a tenant that helps him quite a bit, and the owner feels this gentleman would make an excellent manager or greeter should you not be a local investor. The park is serviced by city water & sewer, the underground pipes have been replaced recently, and the roads are in good condition. The owner has owned the park for nearly 25 years and would like to find a new owner who will take care of his long-term tenants that he has grown fond of.

There is also a 40 x 60 concrete block “warehouse” that sits on the property. This could be rented out for storage or torn down to accommodate 2 or 3 additional trailers. The warehouse does have three phase electrical service.

Park Information

Number of MH Lots:17
Total Occupancy:76.0%
Average MH Lot Rent: $240
Size:1.4 acre(s)

Lot Information

Singlewide Lots:17
Doublewide Lots:0
Triplewide Lots:0
Park Model Lots:0

RV Information

Number of RV Lots:0
Average RV Lot Rent: $0

Utility Information

Water:City
Water Paid By: Tenant - Individual Service
Sewer:City

Park-Owned Homes

Number of Park-owned Homes:0
Average Rent for Park-owned Homes: $0