Southern Illinois INVESTMENT OPPORTUNITY
Purchase Price: $73,000.00
Cost per lot: $3842/site
Building Class: C
Location Class: C
Size: 1.8 acres
Investment Specs:
- 19 total useable spaces
- 6 Tenant Owned Homes
- Space Rent $100 (under market $75-$95+)
- 12 Vacant Lots to add Income along with 1 Storage Building(currently used for owners equipment)
- City Water City Sewer-Tenants Pay Utilities
- Paved Asphalt Roads
- Great Upside and Even more possible value plays!
- Potential Redevelopment Play (City would allow just about anything Single Family Homes, multi family, commercial)
- Great beginner park or experienced MHP operator or developer who wants to add smaller park to their portfolio in close proximity to their other parks or redevelop it.
Opportunity: Excellent opportunity for an investor to get on board with a very affordable property with value add by bringing in new/used newer homes (need to be 10 years or newer), license the additional 5 site lots, and increasing rents to market value, (rents are $75-$95 under market). You could rent out the 2 bay storage barn building for additional income estimate $250/month. Or raise rents to $175 collect income on the current homes and hold while you plan to redevelop the property.
Status: Under contract by Solid Property Solutions Inc. New Buyer will be assigned the contract to close.
Price includes assignment fee
This property is offered for sale to qualified Buyers.
Proof of funds is required with all offers.