I am a licensed broker in the state of Illinois and recently got my first listing of a mobile home park…This is a “Mom & Pop” mobile home park on 8.36 acres in Taylorville, IL that is owned by three out of state heirs of the original owners. This park has been in existence since 1968 and has a long history of loyal tenants…having said that it is just over 50% booked right now (34 out of 64 pads). Property is currently generating positive cash flow. This park needs someone to aggressively market it to get it back to its glory days. Rent rate per pad is ridiculously low ($122/month) and could definitely by raised to generate additional cash flow. This could be a solid investment at this price point (listed at $7015/pad)! Listed at $449,900.
City water. City sewer. All 64 pads have their own electrical, gas, & water meters.
Feel free to call me with additional questions. I think this is a diamond in the rough and could be a great investment opportunity.
Email me at jonfisher1991@gmail and I’ll forward financials.
Coldwell Banker The Real Estate Group
gee I just saw some comments about this park on google. What happened there?
This park is now under contract.