Contact Information

Mobile Home Park Details

  • Price: $3,400,000
  • Purchase Method: Cash
  • Listing ID: 6785854
  • Posted On: Dec 10, 2024
  • Updated On: Dec 10, 2024

Description

NAI Martens is pleased to offer 227 Spaces in 3 Communities located in the Carbondale, IL Metro Area. The properties are on public utilities, except for each utilizes lagoons for sewer. These communities offer spacious layouts, and come with minimal park owned homes. There is abundant upside available through rent growth and infill of vacant pads. The seller has begun installs of sub-meters, which will provide a sizable expense reduction for the new owner. There was ample recent cap-ex completed (including paving), which will give the next owner a great starting point to continue infill. Currently there are 115 occupied sites with a rent roll of more than $36K per month. Broker of Record is John Sheahan, Jr. of NAI DESCO.

Location

Carbondale-Marion Metro - 134K Population. Carbondale is the county seat for Jackson County and anchored by Southern Illinois University (SIU). Other large employment sectors in Carbondale are medical and manufacturing.

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Park Information

Community Type: All Age
Number of MH Lots: 227
Total Occupancy: 50.7 %
Average MH Lot Rent: $274

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