Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Listing ID: 3971176
  • Posted On: Nov 10, 2023
  • Updated On: Feb 16, 2024

Description

Green Acres Home Park is a peaceful 24-pad affordable home community located on 6.30 acres on the outskirts of Ashmore, IL (Charleston–Mattoon Micropolitan Statistical Area.) The park was developed in 1978. The property is zoned commercial and the park is presently in compliance. The park is not located in a flood zone. The park has a husband/wife team that serve as the manager and maintenance man who live onsite.

The pads will accommodate 70 foot trailers. The park has one oversized 80 foot trailer that extends over a couple of feet each direction. There are three vacant trailers that either need to be removed or renovated (whatever suits your park model best). Of the 24-pads in the park, thirteen are occupied. All thirteen are TOH's averaging $300/month. There is a 40' x 28' shed on the property that the manager uses in exchange for payment. There are currently eight vacant pads. The rent for the TOH's has not been raised since 2020. The park utilizes utilizes month/month (TOH) leases. Currently none of the tenants are behind in rent. Tenants pay rent by money order at the present time which is collected by the park manager.

Green Acres Mobile Home Park is on city water. The park is currently using a lagoon but that is expected to be phased out within the next couple of years. The city has received a $5 million dollar grant to put in a public treatment system. The owner and the city are in talks to have the lagoon donated to the city for the water treatment plant which would be built right next to the mobile home park. The underground pipe material consists of a combination of plastic with PEX for the laterals. The electrical pedestals are 100 amps. The park has water, electric meters & gas meters to each pad. The tenant is direct billed by the provider for electric & gas, and back billed for water. The roads through the park are a combination of asphalt & gravel and 3/4 of the road is maintained by the city (up to lot #22). The tenants are responsible for mowing their own space. The park mows the empty pads and common spaces. The city takes care of snow removal (as needed).

The current owner of Green Acres MHP has owned the property for three years. During that time they have cleaned up the park by removing seven trailers. They have also added six trailers during that time. Several of the electrical pedestals have been updated. If they were to maintain ownership of the parks they would focus on these improvements:

•Work with the city to phase out the lagoon and get public sewer
•Continue to infill the park

Location

Ashmore is a village in Coles County, Illinois, United States. The population was 637 at the 2020 census. It is part of the Charleston–Mattoon Micropolitan Statistical Area. Ashmore might be most known for Ashmore Estates...A former "poor farm" in the late 1800's. This is reportedly one of the most haunted buildings in the State of Illinois and draws in paranormal investigators from all over.

Coles County is a county in Illinois. As of the 2020 census, the population was 46,863. Its county seat is Charleston, which is also the home of Eastern Illinois University. Coles County is part of the Charleston-Mattoon, IL Micropolitan Statistical Area.

Here are the largest employers in Coles County:

•Sarah Bush Lincoln Health Center (2447 employees) Hospital/Medical Campus
•Eastern Illinois University (1250 employees) State University
•Lake Land College (400 FT, 571 PT employees) Community College
•Rural King (600 employees)
Warehouse/Distribution/Corporate/Retail
•Mattoon School District (432 employees) K-12 School System
•Charleston School District (300 employees) K-12 School System
•Consolidated Communications (292 employees) Telecommunications
•First Mid Bank & Trust (270 employees) Banking and Wealth Management
•Blue Cross Blue Shield (225 employees) Regional Call Center/Service Center
•Spherion (221 employees) Call Center/Service Center
•Coles County (180 employees) County Government
•Mars Petcare (140 employees) Pet Food Production

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Park Information

Community Type: All Age
Number of MH Lots: 24
Total Occupancy: 54.0 %
Year Built: 1978
Average MH Lot Rent: $300
Size: 6 acre(s)

Lot Information

Singlewide Lots: 24

Utility Information

Water: City
Water Paid By: Tenant - Submetered

Park-Owned Homes

Number of Park-owned Homes: 3
Average Rent for Park-owned Homes: $0

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