Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Listing ID: 1137724
  • Posted On: Sep 24, 2019
  • Updated On: Jun 22, 2020

Description

East Z Living Mobile Home Park is a 21 space community conveniently located just off I-88 on Route 30 in Rock Falls, IL. The park is serviced by city water and city sewer systems. Each pad has its own meters for electric, water, and gas; all utilities are direct billed to the tenants. Current owners have significantly improved the cosmetic appeal of the park and have created a strong community of renters that make timely monthly payments and follow park rules. Lot rents are $275/month, with room for increase. Minimal time investment and can be managed from afar.

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Park Information

Community Type: All Age
Number of MH Lots: 21
Total Occupancy: 85.0 %
Average MH Lot Rent: $275

Financial Information (Actual)

Gross Income: $48,000
Operating Expense: $24,000
Net Operating Income: $24,000
Expense Ratio: 50.0 %

Lot Information

Singlewide Lots: 21

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

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