Contact Information
Stan Maxwell
Mobile Home Park Details
- Price: $950,000
- Purchase Method: Cash, Seller Financing
- Cap Rate: 6.0% (Actual)
- Listing ID: 6901762
- Posted On: May 19, 2025
- Updated On: May 19, 2025
Description
- 43-pad mobile home community located on 3.85 acres in
East Alton, Illinois, part of the Greater St. Louis Metro area.
- Water Billing Opportunity: The park has recently installed Metron water meters,
providing a significant opportunity to bill back water usage to tenants.
-Seller Financing: The owners are open to STRONG seller financing on a case-by-case basis.
Location
Alton, Illinois offers a charming blend of historic architecture and scenic river views, this vibrant community features affordable real estate options, making it an attractive choice for those seeking a peaceful, small-town atmosphere near the St. Louis metro area
Amenities
- Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 43 |
| Total Occupancy: | 40.0 % |
| Year Built: | 1979 |
| Average MH Lot Rent: | $385 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $92,563 |
| Operating Expense: | $38,089 |
| Net Operating Income: | $54,473 |
| Expense Ratio: | 41.1 % |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 1 |
| Average Rent for Park-owned Homes: | $600 |
