Hey guys, selling my first MHP on this forum, would love your feedback or if you are interested, please comment below or email me and ill send you all of the info ludek@evergreenhn.com
Owner purchased for $495k and is willing to take a loss due to retirement
Purchase Price (including fee): 395k
Average Lot Rent: $210/Month with ability to increase 3% per year
Conservative Sale Price Valuation @ 7.5% CAP = $1.81M+
Total gains from sale at year 7: $1.15M
Total ROI : 275%
Lot Size: 13.6 acres
Lot Count: 64
Current equipment on site: 22
Tenant Owned properties on site currently: 14
Park Owned currently on site: 8
Avg Rents: $210
Avg Occupancy Rates: 80%
Year Built: 1953
County: McDonough
Water: City
Sewer: City
Nearby Amenities
Macomb, Illinois 61455 - 20 mins away
Western Illinois University - 20 mins away
Walmart - 20 mins away
McDonough District Hospital - 10 miles away
Farmland Foods Inc - big local employer - 39 mins away
Peoria - 1 hour away