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Country Aire MHP
9825 US Hwy 136, Macomb, IL 61455
Last Verified 5/2/2012
Listing ID 15810716
Description
How to Get 15% Return Secured by Real Estate with VALUE-ADD OPPORTUNITY
Opportunity to acquire an established licensed 50 lot, all age manufactured home community with value-add
opportunity. All sites provide off street parking. Owner wants to retire.
Most of the trailers are owned by the residents paying monthly lot rent. Some of trailers are owned
by the tenant-buyer under the seller' s "rent to own" program paying on average $337 per month, and are
included in the asking price.
All residents and tenant-buyers pay their own heat and electric. Owner provides water, sewer, and weekly trash pick. Private well
and sewer.
Some Owner Financing available to Qualified Buyers via 2nd mortgage
OFFERING SUMMARY
Location: 9825 US Hwy 136, Macomb, IL 61415
Asking Price: $414,000
Licensed Spaces: 50
Current Return: 15%
Vacant Spaces: 15
Vacant Park Owned Homes (handyman specials): 5
ANNUALIZED OPERATING DATA
Actual Current Income: $94,440
Actual Current Expenses: $32,303
Actual Net Current Operating Income: $62,137
Part time Maintenance man wants to stay
9825 US Hwy 136, Macomb, IL 61455
Actual
2011
$94,440
$62,137
Map of 9825 US Hwy 136, Macomb, IL 61455 (McDonough County)
Created 7/20/2008
Additional Information for 9825 Us Highway 136, Macomb, IL 61455
View the Property Record for this address to access additional information such as historical listings, property details, tax details, owners, mortgages, tenants, and more.
Asking Price Index Trends for Macomb, IL Multifamily For Sale
| |
Mar 12 |
vs. 3 mo.
prior |
Y-O-Y |
- State | $62,050 | -2.0% | -1.4% |
View Macomb Market Trends for other property types for sale or lease. Learn more about the chart info.
The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO