*UPDATE: October 17, 2023*

MORE VITAL ALL-IMPORTANT INFORMATION!

WE HAVE AN APPRAISAL REPORT Dated Feb. 2021, which used 2020 Data, with a Gross Income

@ 125,032.00 for 2020 vs

@ $150,753.00 for 2022 vs

Compare with Proforma
2023 & 2024 Income.

NOTE: We have a current APPRAISAL in the works to be available likely by October 30th, 2023, or sooner.

*UPDATE: October 13, 2023*
NOTEWORTHY UPDATE!
2024 LOT RENTS BECOME $400.00 PER MONTH JANUARY 1, 2024!!

THE RESULT:

PROFORMA:
2024 = $192,000.00 GROSS INCOME!
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Go to this link to view all of the pictures of all 42 lots in our Park: https://www.youtube.com/playlist?list=PL2T0OoidxnTTvucUcVwynyqQRKdOvktPM

About Monmouth Manufactured Home Community (MMHC)
(All Ages Park)
Located 12 miles West of Galesburg, IL and 30 miles North of Macomb, IL, home of (W.I.U.) and between the Quad Cities & Peoria, IL, at 45 miles either way on I-74.
42 lots with 2 parking spaces per lot. No on-street parking overnight. Reasonable sized lots.
On-site Persons, act as the “eyes and ears” of MMHC for us. We retrieve the Lot rents from a lockbox Located at their Mobile Home, or they will deliver the deposits to our Bank in Galesburg, as she works daily in Galesburg. (Another solution would be to have the Lessees pay Lot rent directly to a Local Bank; and then monitor payments online.) NOTE: At our other Park, in Galesburg, Lessees pay directly at “our” local in town bank.
This park has all the MAGIC INGREDIENTS, as follows:
Homes are tenant owned (explanation below).
Lots are to be mowed weekly by lessees . (Our Rules allow us to force mow if needed); a clean well-maintained park.
Tenants pay all utilities to City and Public Utilities; (no utility billing or collecting)
The City owns and maintains the streets, including: snow removal; The City also runs street/gutter washer-machine on streets. The City owns and maintains the main sewer and main water lines. The City vacuums up leaves at the curb in the fall.
Waste hauler provides the individual garbage containers; the “cans” are picked up at the curb. Lessees pay their garbage bill and their water and sewer bill, directly to the City. We have a 24 hour rule; Garbage cans at the curb on Wed. evening, and returned to one’s home by Thurs. evening.
Well-maintained homes; U.S. mail delivery to the home mailboxes.
Well-operated; efficient, with strict rules and regulations which are enforced: Re: for aesthetics, safety, and a more enjoyable living atmosphere.
Well-located; (in a community with demand for affordable housing.) Monmouth is the County Seat for Warren County; a great convenient asset with several other Government Agencies located here.
Farmland Foods, huge employer (Approximately 2,000 employees). Several of our lessees work there.
The beautiful Monmouth College Campus is located across town. (more employment opportunities)
A Park with very low expenses, with good income; (an investor’s dream combination!)
Expect to have fantastic Net Income (N.O.I.) now the rehabs are done; (one unit left to complete, #23; 50% completed). The upgraded (new) infrastructure on the East end, is done with its huge investment which was required, DONE!
We manage with an “Iron Fist” covered by a “Velvet Glove” e.g. we are strict on our rules enforcement; we enforce mostly by mailed Notices, in order to lower the emotional aspects of the enforcement.
A Turn Key Operation, with a successful management system; we have one vacant lot (#15); we own one unit (#23), under rehab (to be sold when done); (We own one unit #1000, leased). It is on our owned separate lot. NOTE: We have a good survey!

Whoever buys this Park will reap the benefits of our huge, very costly revamp & rehab project; and our skilled tradesman’s work, equals a plethora of very nice rehabbed homes, and a rejuvenated Park! Our management system has over the past several years literally Changed the Culture of this Park!
*The services provided by the City, are phenomenal investor’s assets, regarding EXPENSES. It is very rare!