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 |