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612 W Vine St - King City Mobile Home Park 1.38 Acres of Residential Land Offered at $475,000 in Le Roy, IL 61752
Investment Highlights
- Strong Established Park
- Stable Cash Flow
Executive Summary
King City Mobile Home Park in St. Leroy, Illinois
King City Mobile Home Park is a strong, cash-flowing mobile home community located in the quiet and stable town of St. Leroy, Illinois. This 22-space park offers immediate income and a simple, straightforward investment profile.
The community includes 22 total spaces, with 20 pads currently occupied. The park features 4 park-owned homes, 14 tenant-owned homes, and 2 rent-to-own homes, all generating consistent monthly income. In addition, there are 2 vacant lots that a buyer could infill with new homes, providing a clear opportunity for future growth.
The property is performing at an attractive 11.8% cap rate as it stands today, offering strong returns as it stands. King City Mobile Home Park is a great fit for new and seasoned investors alike seeking stable cash flow in a well-established rural market.
King City Mobile Home Park is a strong, cash-flowing mobile home community located in the quiet and stable town of St. Leroy, Illinois. This 22-space park offers immediate income and a simple, straightforward investment profile.
The community includes 22 total spaces, with 20 pads currently occupied. The park features 4 park-owned homes, 14 tenant-owned homes, and 2 rent-to-own homes, all generating consistent monthly income. In addition, there are 2 vacant lots that a buyer could infill with new homes, providing a clear opportunity for future growth.
The property is performing at an attractive 11.8% cap rate as it stands today, offering strong returns as it stands. King City Mobile Home Park is a great fit for new and seasoned investors alike seeking stable cash flow in a well-established rural market.
Financial Summary (Actual - 2025) |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$93,216
|
$50,267.47
|
| Other Income |
$18,000
|
$9,706.64
|
| Vacancy Loss |
$8,800
|
$4,745.47
|
| Effective Gross Income |
$102,416
|
$55,228.65
|
| Taxes |
$1,500
|
$808.89
|
| Operating Expenses |
$44,745
|
$24,129.10
|
| Total Expenses |
$46,245
|
$24,937.99
|
| Net Operating Income |
$56,171
|
$30,290.66
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $93,216 |
| Annual Per AC | $50,267.47 |
| Other Income | |
|---|---|
| Annual | $18,000 |
| Annual Per AC | $9,706.64 |
| Vacancy Loss | |
|---|---|
| Annual | $8,800 |
| Annual Per AC | $4,745.47 |
| Effective Gross Income | |
|---|---|
| Annual | $102,416 |
| Annual Per AC | $55,228.65 |
| Taxes | |
|---|---|
| Annual | $1,500 |
| Annual Per AC | $808.89 |
| Operating Expenses | |
|---|---|
| Annual | $44,745 |
| Annual Per AC | $24,129.10 |
| Total Expenses | |
|---|---|
| Annual | $46,245 |
| Annual Per AC | $24,937.99 |
| Net Operating Income | |
|---|---|
| Annual | $56,171 |
| Annual Per AC | $30,290.66 |
Property Facts
| Price | $475,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 1.85 AC |
| Property Type | Land |
| Price | $475,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 1.85 AC |
1 Lot Available
Lot
| Price | $475,000 | Lot Size | 1.38 AC |
| Price Per AC | $344,202.90 |
| Price | $475,000 |
| Price Per AC | $344,202.90 |
| Lot Size | 1.38 AC |
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Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 30-20-476-001 | Total Assessment | $104,566 |
| Land Assessment | $53,956 | Annual Taxes | $1,500 |
| Improvements Assessment | $50,610 | Tax Year | 2025 |
Property Taxes
Parcel Number
30-20-476-001
Land Assessment
$53,956
Improvements Assessment
$50,610
Total Assessment
$104,566
Annual Taxes
$1,500
Tax Year
2025
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