301 S East St., Abingdon, IL, 61410 - Available for Sale

Multifamily For Sale

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Rolling Meadows MHP

301 S East St., Abingdon, IL 61410

$699,000

75 Spaces | Multifamily

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Multifamily Property For Sale Get Financing

Price:
$699,000
No. Spaces:
75
Price/Space:
$9,320
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Property Use Type:
Investment
Cap Rate:
10%
Occupancy:
86%
Year Built:
1970
Lot Size:
13 AC
Listing ID
14610195
Last Updated
over 1 year ago

Find Out More...

Highlights

  • Low Maintenance.
  • Potential Seller Carry.
  • Room for expansion.

Description

75 space MHP on 8.37 acres plus 4.57 development acres.

Also includes a brick house that is currently being used for storage.

We have no typical mobile home rentals. All community owned homes are being leased with the tenant responsible for maintenance with an option to purchase at the end of the contract.

This is an older but well maintained mobile home community.

Some seller financing may be available.

Approximatley 15 minutes from Galesburg, IL and 30 minutes from Peoria, IL.

Financial Summary

  • Proforma
  • 2009
  • $90,231
  • $33,299
  • $56,932

Map of 301 S East St., Abingdon, IL 61410 (Knox County)

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Asking Price Index Trends for Abingdon, IL Multifamily For Sale

  Mar 14 vs. 3 mo.
prior
Y-O-Y
-
State
$60,092-1.5%+7.0%

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Created 5/6/2006
Rolling Meadows MHP
  • Multifamily
  • $699,000
  • 75 Spaces