Contact Information
Mobile Home Park Details
- Price: Call for Price
- Listing ID: 6707184
- Posted On: Aug 28, 2024
- Updated On: Sep 4, 2024
Description
RI MARKETPLACE ONLINE AUCTION OCT 14-16
REGISTER TO BID ON RI MARKETPLACE:
Investment Highlights
42-Site Mobile Home Park Community Located in Dixmoor, IL (±30 minutes from downtown Chicago)
Substantial Value-Add Potential!
In-Place NOI = $122,000 (at just 62% occupancy)
Stabilized NOI = ±$243,000
Features the lowest lot rents in the area, providing safe, clean, quiet, and affordable living in Dixmoor, IL.
Conveniently located directly across from Lincoln Elementary School and just minutes from I-57 and I-294.
±100,000 people live within 5-miles of the subject property with $55,000 median household incomes
Location
Friedman Real Estate, in conjunction with RI Marketplace, is pleased to offer the exclusive marketing and sale of Specialville Estates, a ±42-site mobile home park community situated in Dixmoor, IL (Chicago, IL MSA). The property is currently ±62% occupied, with an in-place NOI of approximately $122,000. There is significant potential for value enhancement as the community features the lowest lot rents in the area, allowing a new owner to increase rents and implement additional revenue streams. The stabilized NOI is projected to be around $243,000 per year. The property is conveniently located directly across from Lincoln Elementary School and is just minutes from I-57 and I-294, surrounded by complementary employers and retailers.
Scott Bowers
c/o Fisher Auction Company Inc.
License: 040000273
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 42 |
| Total Occupancy: | 62.0 % |
| Year Built: | 1980 |
| Size: | 2 acre(s) |
