Adam Edstrom
- Buy
- Sell
https://www.ruhlmortgage.com/BlakeEller.html
Description
Income-producing, state-licensed mobile home park on 8.8 acres featuring 8 doublewide homes with room to grow. Current homes utilize only about half of the acreage, leaving a substantial expansion area that has already been surveyed and approved for up to 8 additional doublewides. The expansion is permitted through the State and already included in the mobile home park license-a major value add that can be difficult to obtain. The property also offers a commercial-front area with a large 90' x 280' concrete pad, providing added flexibility for future use (subject to local requirements). Average rent is approximately $800 per unit. Each home is on city waterwith a water main sized to support additional homes; Ameren is the electric provider. Homes are served by individual septic systems (no city sewer). All existing homes carry the mobile home privilege tax, and the additional approved home sites would as well if installed. Property tax averages ~$150 per home annually, with land tax approximately $2,500/year (buyer to verify). A rare opportunity to purchase an established park with immediate cash flow and built-in expansion potential.
Property Highlights
Property Type: Commercial - Business
Building Description: 1.0 stories
Year Built: 2020
General Information
County: Jackson
Listed By:
RE/MAX REALTY CENTRAL
618-457-4663
MRED MLS
MLS ID: 12583844
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111 Devan Drive, Murphysboro, IL 62966.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $925,000 | $925,000 | $925,000 |
| Down Payment | $185,000 | $32,375 | $231,250 |
| Monthly Mortgage Amount | $4,318 | $5,373 | $5,623 |
| Taxes | $1287 | $1287 | $1287 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $555 | $0 |
| Monthly Estimated Total | $5,875 | $7,485 | $7,180 |
Adam Edstrom
REALTOR®
Cell: (563) 210-6814
Licensed in IA & IL
DeWitt Office
903 Sixth Avenue
DeWitt, IA 52742
(563) 659-9433
DeWitt, IA 52742
(563) 659-9433
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